[ET Net News Agency, 10 December 2025] JD INDUSTRIALS (07618) will be listed tomorrow (11th). It is closed at HK$13.73 on Phillip's grey market, 2.6% lower than the grey market's IPO price of HK$14.1. Based on 200 shares per lot, excluding handling fees, the book value loss per lot is HK$74. It is currently at HK$13.75 on Bright Smart's grey market, 2.5% lower than the grey market's IPO price. The book value loss per lot is HK$70.