[ET Net News Agency, 22 December 2025] NUOBIKAN (02635) will be listed tomorrow (23rd). It is closed at HK$300 on Phillip's grey market, 2.75 times higher than the grey market's IPO price of HK$80. Based on 50 shares per lot, excluding handling fees, the book value gain per lot is HK$11,000. It is currently at HK$296 on Bright Smart's grey market, 2.7 times higher than the grey market's IPO price. The book value gain per lot is HK$10,800.