[ET Net News Agency, 19 May 2026] TOPNC (07688) will be listed tomorrow (20th). It is closed at HK$39 on Phillip's grey market, 47.8% higher than the grey market's IPO price of HK$26.39. Based on 100 shares per lot, excluding handling fees, the book value gain per lot is HK$1,261. It is currently at HK$38.8 on Bright Smart's grey market, 47% higher than the grey market's IPO price. The book value gain per lot is HK$1,241.