Shares of Luxshare ICT (02475) have commenced pre-IPO trading in Hong Kong, showing a significant decline ahead of their official listing. The stock is set to begin trading on the Hong Kong exchange this Thursday, July 9th. In the early stages of today's pre-market session, the shares were indicated at HK$58.00. This price represents a drop of approximately 8.34% from the initial public offering price of HK$63.28 per share.
Based on a standard board lot size of 100 shares, this price movement implies a loss of HK$528 per lot for investors participating in the pre-market activity, before accounting for any brokerage commissions or transaction fees. The trading activity in this unofficial session provides an early indication of market sentiment towards the company's public debut.