--- title: "LIULIUMEI LLM was mistakenly identified as an AI concept stock, soaring 193% upon listing" type: "News" locale: "en" url: "https://longbridge.com/en/news/290004663.md" description: "LIULIUMEI was listed on the Hong Kong Stock Exchange on June 15, with its stock price soaring 193.71% on the first day to HKD 128. Due to the company's abbreviation \"LLM\" being the same as that for Large Language Models, it was mistakenly perceived by the market as an AI concept stock and was fervently pursued by investors, setting a record for oversubscription among consumer stocks in Hong Kong. Although the company's main business is selling plums and the funds raised are intended for traditional business expansion, its price increase far exceeded that of its peers and genuine large model concept stocks, driven by memes on social media" datetime: "2026-06-17T05:47:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290004663.md) - [en](https://longbridge.com/en/news/290004663.md) - [zh-HK](https://longbridge.com/zh-HK/news/290004663.md) --- # LIULIUMEI LLM was mistakenly identified as an AI concept stock, soaring 193% upon listing Who would have thought that in 2026, while everyone was closely watching the IPO progress of OpenAI and Anthropic, and observing MiniMax and Zhipu battling it out in the capital market, the first to make a fortune in the stock market relying on the "artificial intelligence concept" would actually be... LIULIUMEI?? Here's what happened: After 7 years and 4 submissions, the IPO "difficult household" LIULIUMEI finally officially landed on the Hong Kong Stock Exchange on June 15. The subsequent plot development was something I wouldn't even dare to dream of... On its first day of trading, LIULIUMEI opened at HKD 95, soaring 117.99% right away, and continued to skyrocket throughout the day, ultimately closing with a **staggering increase of 193.71%** at HKD 128. Looking at these figures alone might not convey how outrageous it is, so let's make a few horizontal comparisons: Its stock price is directly more than ten times higher than that of the Hong Kong snack giant Wei Long; the first-day increase crushed Mi Xue Bing Cheng (43%) and Ming Ming Hen Mang (69%). The public offering was oversubscribed 6,586 times, setting a record for the highest in the history of Hong Kong consumer stocks. Even the neighboring SpaceX, which carries the aura of Elon Musk — only saw a 20% return on the first day; whereas LIULIUMEI doubled its value, easily surpassing a market capitalization of HKD 10 billion. On the day of listing, Hong Kong stocks related to large models collectively surged, with Zhipu rising over 32% and MiniMax over 6%. Amid the frenzy of capital, the abbreviation "LLM" for LIULIUMEI coincidentally matched the abbreviation for Large Language Models (LLM), which was quickly seized and celebrated by the market. In the crazy meme-making of social media investors, it was forcibly pushed into the narrative framework of AI concept stocks, while easily outperforming those internet giants that actually possess large model foundations. In LIULIUMEI's prospectus, the fundraising purposes were clearly stated: to expand production capacity, enhance brand awareness, expand sales networks, explore overseas markets, and recruit R&D personnel... In translation, it means: we are just honestly selling plums. **But the bloodthirsty market only saw three letters: LLM.** On that day, the Hong Kong consumer sector was actually in a state of wailing, especially on June 16 when the retail sales data for May was released, the food and beverage sector was particularly, particularly in the red, with only three companies going against the trend: The "chip ham" — Jinzi Ham, which relies on true cross-industry survival; The "computing power MSG" — Lianhua Holdings, which vowed to spend money on computing power; And the one that had no idea why it was rising — LIULIUMEI. The comments from netizens across various platforms were simply too funny, and I wanted to share them with everyone: This situation is too reminiscent of the past with blockchain and the metaverse; it has now evolved to the point where just having a name associated with it starts a massive surge... So you see, the most magical aspect of this era is no longer that large models can write poetry, draw pictures, create PPTs, or write code with slight breakthroughs in capability boundaries, but rather that the capital market has evolved to the point where it can automatically conjure up business models just by looking at three letters This certainly does not mean that LIULIUMEI is worthless, nor does it mean that consumer stocks lack imagination. It's just that this seemingly chaotic carnival is too much like a mirror—reflecting how desperate and crazy the market has become for AI narratives. That's the situation, and although it's extremely dramatic, as of the close on June 16, LIULIUMEI's stock price only slightly decreased by 1.56%, with the latest market value dropping below 10 billion, yet the situation surprisingly stabilized ### Related Stocks - [06658.HK](https://longbridge.com/en/quote/06658.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [09985.HK](https://longbridge.com/en/quote/09985.HK.md) - [02097.HK](https://longbridge.com/en/quote/02097.HK.md) - [01768.HK](https://longbridge.com/en/quote/01768.HK.md) - [002515.CN](https://longbridge.com/en/quote/002515.CN.md) - [600186.CN](https://longbridge.com/en/quote/600186.CN.md) ## Related News & Research - [Alan Allman Associates shareholders approve AGM resolutions, reject Resolution 29](https://longbridge.com/en/news/290990616.md) - [An Interview with Barchart's AI Market Analyst CARL](https://longbridge.com/en/news/290709753.md) - [Alpha Technology Group shifts focus to Exclusive LLM strategy, rolls out AlphaClaw AI agents marketplace](https://longbridge.com/en/news/290844309.md) - [Helport AI GAAP EPS of -$0.04, revenue of $17.66M](https://longbridge.com/en/news/291006111.md) - [PRO DV names Niels-Peter Hahn to supervisory board, replaces Klaus Bullmann](https://longbridge.com/en/news/290957593.md)