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<IPO>Hesai-W(02525.HK) Closes Up 7.2% to $228.2 on Gray Mkt
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Hesai-W(02525.HK), which will be listed tomorrow, opened up 2.9% to $219 on gray market. Peaking/ bottoming at $230/219, it closed at $228.2, up 7.2% or $15.40 from the listing price, on volume of 413,000 shares and turnover of $93.9 million, according to PhillipMart data. Excluding handling fee, the book gain was $308 per board lot size of 20 shares.

Hesai-W(02525.HK), which will be listed tomorrow, opened up 5.3% to $224 on gray market. Peaking/ bottoming at $234/212.8, it closed at $228.2, up 7.2% or $15.40 from the listing price, on volume of 244,100 shares and turnover of $55.61 million, according to Futu data. Excluding handling fee, the book gain was $308 per board lot size of 20 shares.

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