Liuliumei surges nearly two times at market close on its trading debut

Chinese fruit snack company Liuliumei's (6658) shares surged nearly two times at market close on its trading debut.

Its shares rose 193 percent to HK$128, up from its offer price of HK$43.58. That translates to a paper gain of HK$8,442 per board lot of 100 shares.

The company's shares rose 118 percent to HK$95 at market open.

Its retail tranche was oversubscribed by 6,586 times.
 

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