Punyuan Electronics (00537) Falls 17.3% in Gray Market Ahead of Hong Kong IPO

According to Zhitong Finance, Punyuan Electronics (00537) will debut on the Hong Kong Stock Exchange on July 9. As of market close on July 8, the stock traded at 38.02 HKD in gray market trading via Livermore Securities, down 17.31% from the IPO price of 45.98 HKD. For a standard lot of 100 shares, investors face a loss of 796 HKD before transaction fees.
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