New stock news | Liuliumei (06658) ends its IPO, oversubscribed 4310 times with subscriptions reaching 215.4 billion HKD.

Liuliu Plum (06658) will be listed from June 5th to 10th. Liuliu Plum plans to issue 11.461 million H shares, with 10% in Hong Kong for public offering at a price of HK$43.58 per share, raising nearly HK$500 million. The minimum board lot size is 100 shares, with an entry fee of approximately HK$4402. Liuliu Plum is expected to start trading on June 15th, with CITIC SEC and GUOYUAN International as joint sponsors. As of the morning of June 10th, the public part has attracted HK$21.541 billion in subscriptions, raising HK$49.96 million publicly, oversubscribed by 4310.6 times. According to the prospectus, Liuliu Plum is a fruit snack company specializing in green plum products. Under the strategy of product development centered around plum, the company has created a diversified matrix of green plum products, ranging from classic series using traditional techniques to products blending various flavors to meet different taste preferences. Since the launch of the classic brand "Liuliu Plum" in 2001, the company has been committed to deepening the technology of green plum products and exploring the culinary potential of green plum sourness. According to data from Frost & Sullivan, by 2024, the company ranked first in the retail sales of fruit snacks in China, with a market share of 4.9%. The company's plum jelly, launched in 2019, quickly caught the attention of consumer groups. By 2024, the company ranked first in the natural ingredient jelly industry in China (based on retail sales), with a market share of 45.7%. In terms of finances, the company's revenue in 2023, 2024, and 2025 is approximately RMB 1.322 billion, RMB 1.616 billion, and RMB 1.711 billion respectively. During the same period, the annual net profit is approximately RMB 99.231 million, RMB 148 million, and RMB 182 million respectively.