Syrius Robotics Drops Over 11% in Grey Market Trading, Losing HK$580 Per Lot
0xBroomberg
Syrius Robotics (06106) is quoted at HK$90 in grey-market trading, 11% below its IPO price of HK$101.60, leaving each lot holder with a paper loss of roughly HK$580 ahead of its June 24 listing.
How far did the grey-market price fall?
Livermore Securities quotes Syrius at HK$90, down 11.42% from the IPO price of HK$101.60.
The company is set to list on the HKEX on June 24; grey-market trading is the last round of off-exchange pricing before debut.
This means → buyers are already bidding well below the offer price before formal trading even begins — a clear sign of weak demand.
How much are IPO subscribers losing?
At 50 shares per lot, the paper loss works out to roughly HK$580 per lot, excluding fees.
In plain terms = anyone who got one lot is already down about six hundred Hong Kong dollars on paper, before the stock officially opens.
What matters on listing day?
The key test is whether the first-day price can narrow the grey-market discount — that is the real gauge of how much buying support exists for this stock.
This means → if the stock keeps sliding on debut, neither institutions nor retail are willing to catch it at these levels; if the gap narrows, the grey-market pessimism may prove to be a short-lived overreaction.
Grey-market prices reflect a thin pool of off-exchange matches with far less liquidity than formal trading — limited as a reference, but the directional signal is clear.
Content is for reference only, not financial advice.