IPO Undermarket | Tongcheng New Materials (09607) initially fell by more than 11% in undermarket trading and lost HK$520 per lot

The Zhitong Finance App learned that Tongcheng New Materials (09607) will be listed in Hong Kong on September 29 (Tuesday). At the beginning of today's dark market, as of press release, the price of the dark market showed that the price was HK$38.8, down 11.82% from the offering price of HK$44. Each lot lost HK$520, 100 shares without handling fees.