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<IPO>Bama Tea(06980.HK) Closes Up 60.2% to $80.1 on Gray Mkt
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Bama Tea(06980.HK), which will be listed tomorrow, opened up 60% to $80 on gray market. Peaking/ bottoming at $96.95/64.1, it closed at $80.1, up 60.2% or $30.10 from the listing price, on volume of 1.01 million shares and turnover of $81.1 million, according to PhillipMart data. Excluding handling fee, the book gain was $3,010 per board lot size of 100 shares.

Bama Tea(06980.HK), which will be listed tomorrow, opened up 60% to $80 on gray market. Peaking/ bottoming at $100/50, it closed at $89.4, up 78.8% or $39.40 from the listing price, on volume of 651,000 shares and turnover of $54.48 million, according to Futu data. Excluding handling fee, the book gain was $3,940 per board lot size of 100 shares.

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