[ET Net News Agency, 4 July 2025] FWD (01828) will be listed next Monday (7th). It is
closed at HK$36.75 on Phillip's grey market, 3.3% lower than the grey market's IPO price
of HK$38. Based on 100 shares per lot, excluding handling fees, the book value loss per
lot is HK$125. It is currently at HK$36.5 on Bright Smart's grey market, 3.9% lower than
the grey market's IPO price. The book value loss per lot is HK$150.