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Liuliu Plum surged more than 186% on its first day of listing, fueled by AI concept speculation triggered by its abbreviation, LLM
Odaily Planet Daily reports that, according to Gate Data, "Qingmei Snack's First Stock" Liuliu Mei (06658.HK, abbreviated as LLM) officially listed on the Main Board of the Hong Kong Stock Exchange today. Due to its stock abbreviation LLM being the same as Large Language Model (LLM), it sparked market jokes and hype around "AI concept stocks."
Public data shows that Liuliu Mei's issue price was 43.58 HKD per share, with an opening price of about 95 HKD on the first trading day, an increase of approximately 118% from the issue price. During the trading session, the stock price continued to rise, reaching as high as 124.9 HKD, up 186.6% from the issue price.