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Liuliu Mei surged over 186% on its first day of trading, sparking a speculative rally in AI-related stocks due to its stock abbreviation, LLM
Svmuu News: According to Gate data, "the first listed company in the green plum snack sector," Liuliu Mei (06658.HK, abbreviated as LLM), officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX) today.Since its stock ticker symbol, LLM, is identical to the abbreviation for "Large Language Model," it has sparked market jokes and speculation about it being an "AI concept stock." Public data shows that Liumei’s offering price was HK$43.58 per share. On its first day of trading, the stock opened at approximately HK$95, representing a gain of about 118% over the offering price.The intraday gains continued to widen, with the share price briefly rising to HK$124.9, a 186.6% increase from the IPO price.
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