<Listed IPOs>AB&B BIO-TECH-B Once Surges ~10% Before Falling, Gains ~2.9x in Total in 4 Days Since Listing
Vaccine company AB&amp;B BIO-TECH-B (02627.HK), which was listed on Monday (11th), opened ...
Vaccine company AB&B BIO-TECH-B (02627.HK) , which was listed on Monday (11th), opened 1.5% higher this morning (14th) before rallying 9.6% to a high of $57.2. The stock then fell, and last cascaded 3.64% to $50.3, with a trading volume of 2.2628 million shares, involving $119 million.
The stock closed at $33.28 on debut, significantly higher than the listing price of $12.9 by approx. 158%. At the current price of $50.3, it was nearly 2.9x higher than its listing price.
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