[ET Net News Agency, 19 December 2025] NANHUA FUTURES (02691) will be listed next
Monday (22nd). It is closed at HK$11.11 on Phillip's grey market, 7.4% lower than the grey
market's IPO price of HK$12. Based on 500 shares per lot, excluding handling fees, the
book value loss per lot is HK$445. It is currently at HK$10.9 on Bright Smart's grey
market, 9.2% lower than the grey market's IPO price. The book value loss per lot is
HK$550.