---
title: "\"New Stock Listing\" BAOGAI's first listing gains expanded, closing up over 3%, earning HKD 105 per lot"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292034481.md"
description: "BAOGAI new shares on the Growth Enterprise Market debuted today, closing at HKD 6.43, an increase of 3.4% from the offer price. The public offering was oversubscribed by approximately 3,014 times, and the stock rose by 6.3% in the grey market. The fundraising from the IPO was approximately HKD 90 million"
datetime: "2026-07-08T08:08:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292034481.md)
  - [en](https://longbridge.com/en/news/292034481.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292034481.md)
---

# "New Stock Listing" BAOGAI's first listing gains expanded, closing up over 3%, earning HKD 105 per lot

According to the Economic News Agency on the 8th, the new GEM stock BAOGAI (08090) debuted today, closing at HKD 6.43, which is 3.4% higher than the offering price of HKD 6.22; a total of 3.3885 million shares were traded, involving HKD 22.97 million. The stock has a board lot of 500 shares, and not considering transaction fees, each lot has a paper profit of HKD 105.

The stock opened at HKD 6.22, the same as the offering price, with a lowest price of HKD 5.69 and a highest price of HKD 7.

The final offering price of BAOGAI was HKD 6.22 per share, slightly above the lower limit of the offering price. Approximately 117,000 people applied for the public offering, with an oversubscription of about 3,014.69 times. Among the 61,000 people who subscribed for one board lot of 500 shares, 305 were allocated shares, with an allocation ratio of 0.5%, and no one secured a full board lot. The group was listed at 9 AM today, with the Bright Smart dark market closing at HKD 6.61, a 6.3% increase from the offering price, resulting in a paper profit of HKD 195 for one board lot.

The group indicated that "the top hammer flies" involved 723,500 shares, with 3,129 applicants, of which 1,050 received 500 shares, resulting in an allocation ratio of 0.02%. The shares offered to the public in Hong Kong accounted for 10% of the total shares offered, while the placement was oversubscribed by 0.26 times. The group raised approximately HKD 90 million through the offering. (nw)

### Related Stocks

- [08090.HK](https://longbridge.com/en/quote/08090.HK.md)

## Related News & Research

- [REG - Tertiary Minerals - Holding(s) in Company](https://longbridge.com/en/news/292079009.md)
- [Cocoa Prices Slump on Abundant Ivory Coast Supplies](https://longbridge.com/en/news/292521430.md)
- [3 dividend stocks leading 2026's rotation into value](https://longbridge.com/en/news/292424859.md)
- [Yun Lee Marine publishes 2026 annual report](https://longbridge.com/en/news/292170551.md)
- [How blockades are reshaping global power](https://longbridge.com/en/news/292383182.md)