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<IPO>Top NC(07688.HK) Closes Up 47.8% to $39 on Gray Mkt
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Top NC(07688.HK), which will be listed on 20 May, opened up 89.5% to $50 on gray market. Peaking/ bottoming at $52/38.1, it closed at $39, up 47.8% or $12.61 from the listing price, on volume of 5.8 million shares and turnover of $234 million, according to PhillipMart data. Excluding handling fee, the book gain was $1,261 per board lot size of 100 shares.

Top NC(07688.HK), which will be listed on 20 May, opened up 51.6% to $40 on gray market. Peaking/ bottoming at $53.5/39.76, it closed at $39.78, up 50.7% or $13.39 from the listing price, on volume of 3.86 million shares and turnover of $163.53 million, according to Futu data. Excluding handling fee, the book gain was $1,339 per board lot size of 100 shares.

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