CaoCao Inc.(02643.HK), which will be listed tomorrow, opened down 14.2% to $36 on gray market. Peaking/ bottoming at $36.8/33.75, it closed at $36, down 14.2% or $5.94 from the listing price, on volume of 1.37 million shares and turnover of $48 million, according to PhillipMart data. Excluding handling fee, the book loss was $594 per board lot size of 100 shares.

CaoCao Inc.(02643.HK), which will be listed tomorrow, opened down 19.9% to $33.6 on gray market. Peaking/ bottoming at $36.35/28.8, it closed at $34.9, down 16.8% or $7.04 from the listing price, on volume of 932,400 shares and turnover of $32.54 million, according to Futu data. Excluding handling fee, the book loss was $704 per board lot size of 100 shares.
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