[ET Net News Agency, 9 December 2025] BAO PHARMA-B (02659) will be listed tomorrow
(10th). It is closed at HK$56.5 on Phillip's grey market, 1.14 times higher than the grey
market's IPO price of HK$26.38. Based on 100 shares per lot, excluding handling fees, the
book value gain per lot is HK$3,012. It is currently at HK$55.95 on Bright Smart's grey
market, 1.12 times higher than the grey market's IPO price. The book value gain per lot is
HK$2,957.