[ET Net News Agency, 19 December 2025] NANHUA FUTURES (02691) will be listed next Monday (22nd). It is currently at HK$10.61 on Phillip's grey market, 11.6% lower than the grey market's IPO price of HK$12. Based on 500 shares per lot, excluding handling fees, the book value loss per lot is HK$695. It is currently at HK$10.3 on Bright Smart's grey market, 14.2% lower than the grey market's IPO price. The book value loss per lot is HK$850.