Grey market refers to pre-initial public offering (IPO) trading of new Hong Kong stocks conducted over-the-counter. It is carried out after the close of trading on the day prior to the initial public offering (IPO). In addition, grey market trading is not conducted through the Hong Kong Exchanges and Clearing (HKEX) system; instead, it is carried out through internal systems provided by securities firms that use quoted prices to match orders.

Last Update: 2026-09-08

Grey market trading takes place on the trading day before the IPO: Normal trading hours: 16:15 to 18:30 Half-day trading hours: 14:15 to 16:30

Last Update: 2026-09-08

You can apply through our EBSI GO! App or contact your wealth manager.

Last Update: 2026-09-08

You can place a grey market order by going to the Grey Market Page in the EBSI GO! App or by submitting order instructions to your wealth manager via a recorded channel.

Last Update: 2026-09-08