Laifual Drive (03952.HK)Edges Up 0.70% on Listing Day, Closing at HK$86.10
NewTimeSpace News: Zhejiang Laifual Drive Co., Ltd. (03952.HK) debuted on The Stock Exchange of Hong Kong Limited today. As of press time, its share price stood at HK$86.10, representing an increase of HK$0.60 or 0.70% versus the final offer price of HK$85.50. The Hong Kong Public Offering was over-subscribed by 4,571.99 times, while the International Offering recorded an over-subscription multiple of 7.89 times. The stock closed up 18.13% in grey market trading, generating a profit of HK$1,550 per board lot before fees.
NewTimeSpace News: Zhejiang Laifual Drive Co., Ltd. (03952.HK) was officially listed on HKEX on 30 June 2026.
The final offer price was fixed at HK$85.50 per share, with each board lot consisting of 100 shares. As of press time, the stock traded at HK$86.10, up HK$0.60 or 0.70% from the offer price.
The Hong Kong Public Offering secured an over-subscription rate of 4,571.99 times, receiving approximately 182,700 valid applications in total. The final number of Hong Kong Offer Shares was 2.6884 million, accounting for roughly 20% of all Global Offer Shares, with a 5% allotment probability for applicants applying for one board lot.
The International Offering was over-subscribed by 7.89 times, with the final number of International Offer Shares totalling 10.7535 million, representing approximately 80% of total Global Offer Shares.
In pre-listing grey market trading, Laifual Drive closed 18.13% higher at HK$101. Excluding trading fees, investors earned HK$1,550 per board lot.
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