LIULIUMEI Hits Record High On Debut With 194% Surge Amid LLM Buzz
LIULIUMEI (6658.HK) climbed nearly 5% to HK$143.7 during regular trading on Tuesday, touching an all-time high since listing.
The fruit snack maker debuted on the Hong Kong Stock Exchange on June 15, with shares skyrocketing 194% amid investor frenzy. The English abbreviation "LLM" coincidentally matches large language model terminology, drawing AI concept speculation despite the company being a traditional consumer brand.
LIULIUMEI ranks as China's leading fruit snacks company with 2024 retail sales topping the sector, commanding 4.9% market share. Its IPO attracted unprecedented demand, seeing public subscription oversubscribed approximately 6,586 times, setting a record among Hong Kong consumer stocks.
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