Star Sports Med (01609.HK) saw its shares skyrocket by as much as 277.7% in gray market trading on Friday, a day before its official debut on the Hong Kong Stock Exchange.
According to data from Futu, the stock last traded at HK$372, a 277.7% increase from its listing price. The shares opened at HK$310, up 214.7%, with a total of 485,000 shares changing hands, resulting in a turnover of HK$184.78 million.
On the PhillipMart platform, Star Sports Med's shares recorded a 244.6% gain, closing at HK$339.4. The stock opened at HK$288, a 192.4% premium to its listing price, with 207,000 shares traded for a total turnover of HK$74.2 million.
The strong gray market performance suggests significant investor demand for the medical device company. The pricing gives the company a substantial premium ahead of its first day of trading on May 5, which will be a key test of institutional and retail investor appetite.
This article is for informational purposes only and does not constitute investment advice.
