On June 22, Liuliumei (06658.HK) rose 7.4% in regular trading, reaching HK$148.0 per share, with turnover of approximately HK$24.96 million.
The continued upward momentum is attributed to the company's extremely tight float structure following its June 15 Hong Kong IPO debut. Liuliumei's global offering comprised only 11.46 million H-shares, and after deducting 3.39 million shares locked up by cornerstone investors, fewer than 8.1 million shares are available for secondary market trading. The public offering phase attracted 6,586.73 times oversubscription, creating massive unmet demand that continues to chase limited supply in the open market.
On its listing day, Liuliumei surged 193.71% from its IPO price of HK$43.58, closing at HK$128. Analysts have noted that the stock's sharp post-IPO gains are primarily driven by supply-demand imbalance rather than fundamental revaluation, as the company's revenue growth slowed to 5.9% in fiscal 2025 with declining gross margins across core product lines.
Liuliumei is China's leading fruit snack company, ranking first in the domestic fruit snack industry by retail sales with a 4.9% market share as of 2024, specializing in plum-based products including dried plum snacks, prune products, and plum jelly.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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