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2026 IPO frenzy! Over 90% of new listings rose on their debut day
牛牛新股君
joined discussion · Jun 15 08:00

New IPO Pricing | 'Plum-based Snack Company' Liu Liu Mei listed today, receiving over 6,500x subscription; grey market gain of HK$5,567 per lot

Futu News, June 15:$LIULIUMEI (06658.HK)$announced its allotment results, with an issue price of HK$43.58 per share, offering a total of 11.4641 million shares, in board lots of 100 shares each, officially listing today.
On the previous trading day, LiuLiu Mei's shares rose 127.74% in the grey market, closing at HK$99.25. With each board lot consisting of 100 shares, an investor would have made a profit of HK$5,567 per lot, excluding transaction fees.
During the public offering phase, LiuLiu Mei received subscriptions totaling 6,586.73 times the available shares. The final number of shares allocated to the public offering was 1.1465 million shares, representing approximately 10% of the total offering. A total of approximately 180,500 valid applications were received, with around 11,465 applications processed. The approximate percentage of applicants who applied for one lot and were allotted shares was 1.5% of the total number of shares applied for.
Additionally, during the international placement phase, LiuLiu Mei was oversubscribed by 2.64 times. The final number of shares allocated to the international offering was 10.3176 million shares, equivalent to 90% of the total offering. Futu compiled the relevant data in the table below:
Futu News, June 15:$LIULIUMEI (06658.HK)$announced its allotment results, with an issue price of HK$43.58 per share, offering a total of 11.4641 million shares, in board lots of 100 shares each, officially listing today. On the previous trading day, Liu Liu Mei's grey market closed up 127.74% at HK$99.25 per share. With each lot comprising 100 shares, investors gained HK$5,567 per lot before fees. During the public offering phase, Liu Liu Mei received 6,586.73x oversubscription. The final number of shares allocated to the public offering was 1.1465 million shares, representing approximately 10% of the total offering. A total of approximately 180,500 valid applications were received, with around 11,465 applications processed. The percentage of applicants who applied for one lot and received an allotment relative to total applications was approximately 1.5%. Additionally, during the international placement phase, Liu Liu Mei was subscribed 2.64x. The final number of shares allocated to the international offering was 10.3176 million shares, accounting for 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company is a fruit snack company specializing in plum-based products. It is also committed to promoting plum culture and offering snacks made with natural ingredients. Guided by its plum-centric product development strategy, the company has built a diversified portfolio of plum-based products, ranging from classic series crafted using traditional techniques to innovative offerings infused with various flavors. Since launching its flagship brand 'Liu Liu Mei' in 2001, the company...
Futu News, June 15:$LIULIUMEI (06658.HK)$announced its allotment results, with an issue price of HK$43.58 per share, offering a total of 11.4641 million shares, in board lots of 100 shares each, officially listing today. On the previous trading day, Liu Liu Mei's grey market closed up 127.74% at HK$99.25 per share. With each lot comprising 100 shares, investors gained HK$5,567 per lot before fees. During the public offering phase, Liu Liu Mei received 6,586.73x oversubscription. The final number of shares allocated to the public offering was 1.1465 million shares, representing approximately 10% of the total offering. A total of approximately 180,500 valid applications were received, with around 11,465 applications processed. The percentage of applicants who applied for one lot and received an allotment relative to total applications was approximately 1.5%. Additionally, during the international placement phase, Liu Liu Mei was subscribed 2.64x. The final number of shares allocated to the international offering was 10.3176 million shares, accounting for 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company is a fruit snack company specializing in plum-based products. It is also committed to promoting plum culture and offering snacks made with natural ingredients. Guided by its plum-centric product development strategy, the company has built a diversified portfolio of plum-based products, ranging from classic series crafted using traditional techniques to innovative offerings infused with various flavors. Since launching its flagship brand 'Liu Liu Mei' in 2001, the company...
Company Overview
The company is a fruit snack business focused exclusively on preserved plum products. It is also committed to promoting plum culture by offering snacks made with natural ingredients. Guided by its plum-centric product development strategy, the company has built a diversified portfolio of preserved plum products, ranging from classic lines crafted using traditional techniques to innovative offerings infused with various flavors. Since launching its flagship brand 'Liu Liu Mei' in 2001, the company has been dedicated to developing high-quality preserved plum products and exploring the culinary potential of the plum’s distinctive tartness.
According to Frost & Sullivan, in 2024, the company ranked first in retail sales within China's fruit snack sector, holding a market share of 4.9%. Since its launch in 2019, the company's plum jelly has quickly captured consumer attention thanks to its naturally refreshing taste.
Financial Summary
The company’s revenue increased by 22.2% from RMB 13,220 million in 2023 to RMB 16,160 million in 2024, and further rose by 5.9% to RMB 17,107 million in 2025. Gross profit grew by 10.0% from RMB 5,297 million in 2023 to RMB 5,825 million in 2024, and further increased by 4.5% to RMB 6,087 million in 2025. The company recorded net profits of RMB 992 million, RMB 1,477 million, and RMB 1,821 million in 2023, 2024, and 2025, respectively.
Futu News, June 15:$LIULIUMEI (06658.HK)$announced its allotment results, with an issue price of HK$43.58 per share, offering a total of 11.4641 million shares, in board lots of 100 shares each, officially listing today. On the previous trading day, Liu Liu Mei's grey market closed up 127.74% at HK$99.25 per share. With each lot comprising 100 shares, investors gained HK$5,567 per lot before fees. During the public offering phase, Liu Liu Mei received 6,586.73x oversubscription. The final number of shares allocated to the public offering was 1.1465 million shares, representing approximately 10% of the total offering. A total of approximately 180,500 valid applications were received, with around 11,465 applications processed. The percentage of applicants who applied for one lot and received an allotment relative to total applications was approximately 1.5%. Additionally, during the international placement phase, Liu Liu Mei was subscribed 2.64x. The final number of shares allocated to the international offering was 10.3176 million shares, accounting for 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company is a fruit snack company specializing in plum-based products. It is also committed to promoting plum culture and offering snacks made with natural ingredients. Guided by its plum-centric product development strategy, the company has built a diversified portfolio of plum-based products, ranging from classic series crafted using traditional techniques to innovative offerings infused with various flavors. Since launching its flagship brand 'Liu Liu Mei' in 2001, the company...
Use of Proceeds
Regarding the use of proceeds, LiuLiu Mei expects net proceeds from the global offering to amount to approximately HK$440 million (based on the offer price of HK$43.58). According to the prospectus, LiuLiu Mei intends to allocate the proceeds from the global offering toward the following purposes:
Approximately 61.0% of the net proceeds will be used over the next three years to expand the company’s production capacity. Approximately 21.0% of the net proceeds will be used in the coming year to enhance brand awareness, expand the sales network, and develop international markets. Approximately 8.0% of the net proceeds will be allocated to hiring R&D personnel and advancing the company’s research and development initiatives. Approximately 10.0% of the net proceeds will be used for working capital and general corporate purposes.
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Futu News, June 15:$LIULIUMEI (06658.HK)$announced its allotment results, with an issue price of HK$43.58 per share, offering a total of 11.4641 million shares, in board lots of 100 shares each, officially listing today. On the previous trading day, Liu Liu Mei's grey market closed up 127.74% at HK$99.25 per share. With each lot comprising 100 shares, investors gained HK$5,567 per lot before fees. During the public offering phase, Liu Liu Mei received 6,586.73x oversubscription. The final number of shares allocated to the public offering was 1.1465 million shares, representing approximately 10% of the total offering. A total of approximately 180,500 valid applications were received, with around 11,465 applications processed. The percentage of applicants who applied for one lot and received an allotment relative to total applications was approximately 1.5%. Additionally, during the international placement phase, Liu Liu Mei was subscribed 2.64x. The final number of shares allocated to the international offering was 10.3176 million shares, accounting for 90% of the total offering. Futu News has compiled the relevant data in the table below: Company Overview The company is a fruit snack company specializing in plum-based products. It is also committed to promoting plum culture and offering snacks made with natural ingredients. Guided by its plum-centric product development strategy, the company has built a diversified portfolio of plum-based products, ranging from classic series crafted using traditional techniques to innovative offerings infused with various flavors. Since launching its flagship brand 'Liu Liu Mei' in 2001, the company...
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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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