BBSB International IPO Soars 338% in Gray Market Trading

Stock Price Explodes Over 330% Ahead of Listing

BBSB International (08610.HK) saw its shares skyrocket in pre-listing gray market trading, signaling powerful investor demand before its official debut on the Hong Kong Stock Exchange. The stock's IPO price was 0.60 HKD, but it traded at multiples of that value on over-the-counter platforms.

On the Futu trading platform, shares opened at 1.01 HKD, a 68.3% premium, before reaching a high of 2.63 HKD. This peak represents a staggering 338.3% gain from the initial offer price. Similarly, on the Phillip Securities platform, the stock opened 113.3% higher at 1.28 HKD and peaked at 2.60 HKD, a 333.3% increase.

Trading Turnover Exceeds 30M HKD on Strong Demand

The significant price appreciation was backed by substantial trading volume, highlighting widespread retail interest. The combined trading turnover across both Futu and Phillip Securities platforms surpassed 30.6 million HKD, indicating a high level of activity for the new stock.

Futu's platform alone accounted for 21.45 million HKD in turnover from 8.28 million shares traded, while Phillip Securities added another 9.23 million HKD from 3.88 million shares. This robust activity in the gray market, which allows investors to trade shares before they are officially listed, often serves as an early indicator of a stock's potential performance on its first day.