A screen showing footage of a military parade is seen at a booth of Chinese video-streaming company Kuaishou, at a fair in Beijing, China. Picture: REUTERS/TINGSHU WANG
Some trades were executed for HK$250 apiece in grey-market trading on Monday, according to people familiar with the matter, who asked not to be identified as they are not authorised to speak to the media. That’s more than double the listing price of HK$115 and a bigger premium than the 50% jump on Ant’s planned Hong Kong offering before it was scrapped.