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<IPO>Lemo Services(02539.HK) Closes Up 62.5% to $65 on Gray Mkt
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Lemo Services(02539.HK), which will be listed tomorrow, opened up 41.3% to $56.5 on gray market. Peaking/ bottoming at $66/40, it closed at $65, up 62.5% or $25.00 from the listing price, on volume of 472,000 shares and turnover of $26.5 million, according to PhillipMart data. Excluding handling fee, the book gain was $2,500 per board lot size of 100 shares.

Lemo Services(02539.HK), which will be listed tomorrow, opened up 39% to $55.6 on gray market. Peaking/ bottoming at $82/40, it closed at $80.5, up 101.3% or $40.50 from the listing price, on volume of 411,400 shares and turnover of $24.14 million, according to Futu data. Excluding handling fee, the book gain was $4,050 per board lot size of 100 shares.

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