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Red Avenue(09607.HK) Closes Down 17.9% to $36.14 on Gray Mkt
2026-09-28 18:35:02
Red Avenue(09607.HK), which will be listed on 29 September, opened down 10% to $39.6 on gray market. Peaking/ bottoming at $39.6/32.1, it closed at $36.14, down 17.9% or $7.86 from the listing price, on volume of 1.89 million shares and turnover of $65.69 million, according to Futu data. Excluding handling fee, the book loss was $786 per board lot size of 100 shares.

Red Avenue(09607.HK), which will be listed on 29 September, opened flat at $44 on gray market, on volume of 693,000 shares and turnover of $25.3 million, according to PhillipMart data. Excluding handling fee, the book loss was $738 per board lot size of 100 shares.
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