On June 15, Liuliumei (06658.HK) surged 110.19% in regular trading on its Hong Kong Stock Exchange debut, trading at HK$106.3 per share with turnover of HK$277 million. The stock opened at HK$95, representing a 117.99% premium over its IPO price of HK$43.58.

The massive rally was driven by extraordinary investor demand during its initial public offering. The Hong Kong public offering portion received 6,586.73 times oversubscription with approximately 180,507 valid applications, setting a record for consumer-sector IPOs in Hong Kong. The international placement was 2.64 times subscribed. The company raised approximately HK$440 million in net proceeds from the offering of 11.46 million H-shares.

Liuliumei is a leading fruit snack company in China specializing in plum-based products. According to Frost and Sullivan, the company ranked first in China's fruit snack industry by retail sales in 2024 with a 4.9% market share. Revenue grew from RMB 1.322 billion in 2023 to RMB 1.711 billion in 2025, while net profit increased from RMB 99.2 million to RMB 182.1 million over the same period.

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