[ET Net News Agency, 28 September 2026] KINWONG (03228) will be listed tomorrow (29th). It is currently at HK$65 on Phillip's grey market, 7% lower than the grey market's IPO price of HK$69.88. Based on 100 shares per lot, excluding handling fees, the book value loss per lot is HK$488. It is currently at HK$65 on Bright Smart's grey market, 7% lower than the grey market's IPO price. The book value loss per lot is HK$488.