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<IPO>MetaLight(02605.HK) Closes Down 14.8% to $8.31 on Gray Mkt

MetaLight(02605.HK), which will be listed tomorrow, opened up 0.5% to $9.8 on gray market. ...

MetaLight(02605.HK), which will be listed tomorrow, opened up 0.5% to $9.8 on gray market. Peaking/ bottoming at $9.8/8.25, it closed at $8.31, down 14.8% or $1.44 from the listing price, on volume of 8.17 million shares and turnover of $73.2 million, according to PhillipMart data. Excluding handling fee, the book loss was $576 per board lot size of 400 shares.

MetaLight(02605.HK), which will be listed tomorrow, opened up 0.1% to $9.76 on gray market. Peaking/ bottoming at $9.78/6.68, it closed at $8.7, down 10.8% or $1.05 from the listing price, on volume of 2.54 million shares and turnover of $23.27 million, according to Futu data. Excluding handling fee, the book loss was $420 per board lot size of 400 shares.
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