Grey Market Alert | Marketingforce Shares Soar 4.93%, Reaching a New Market Cap High of HK$10.76 Billion
M+ Global Updates 14/05/2024 17:24

In the gray market trading, shares of $MARKETINGFORCE 02556.HK$ a company specializing in marketing and sales SaaS solutions, rose 4.93% to HK$45.75 per share. Investors who won the lottery for one lot are seeing a paper gain of HK$215.00, with the company's latest total market capitalization surpassing HK$10.76 billion. Marketingforce Management Ltd is anticipated to make its official debut on the Hong Kong Stock Exchange on May 16, and the results of the share allocation are expected to be disclosed later today.

Marketingforce Management Ltd is dedicated to providing clients with efficient and innovative marketing tools and solutions to achieve their marketing objectives and enhance sales performance. By integrating technology and strategy, the company offers clients personalized solutions, helping them stand out in a highly competitive market and achieve business growth and success.

About Grey Market Trading

The grey market is an over-the-counter market. In Hong Kong, it is generally conducted for pre-listing transactions of an IPO and carried out after the closing of the trading day before the listing of the IPO. The Hong Kong Stock Exchange system matches Hong Kong stock trading during trading hours. However, grey market transactions do not go through the Hong Kong Stock Exchange but through the internal system, which some securities companies provide for quotation matching.

Note: The trading hours for Hong Kong's grey market trading generally run from 16:15 to 18:30. However, M+ Global currently does not support the grey market trading feature.

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The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.

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