Xian Gong Intelligent (06106) Gray Market Shares Drop 6.4% Ahead of June 24 Hong Kong Listing

According to ZhiTong Finance, Xian Gong Intelligent (06106) is set to list on Hong Kong's main board on June 24. As of market close on June 23, gray market trading on Livermoore Securities showed the stock at HK$95.10, down 6.4% from the IPO price of HK$101.60, representing a loss of HK$325 per 50-share lot before trading fees.
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