Overfired SpaceX, oversubscribed more than 6586 times, and what's the meme power behind the slender plum

It's called Odaily Daily@OdailyChinaI'm not sure

Author Wenser@wenser2010 I'm not sure

"Are you all right? Are you all right? Eat the plum

Once upon a time, a brainwashing ad by Yang Yang lets sly plums into thousands of households, and the company behind it, thanks to decades of accumulation, has finally officially landed in Hong Kong today, becoming the “first share” of the Hong Kong stock。It is known that its distribution price is 43.58 Hong Kong dollars, with an opening price of 95 Hong Kong dollars, an increase of approximately 116 per cent over the sale price of 42 Hong Kong dollars; that the maximum value of the disk touched 127.50 Hong Kong dollars, an increase of more than 190 per cent; and that it has fallen back to 125 Hong Kong dollars, an increase of more than 186 per cent。

BUT UNLIKE MANY OTHERS, THE BURGEONING SHARE PRICE OF SLENDER PLUMES (06658.HK) IS NOT A REVIVAL OF THE CONCEPT OF “NEW CONSUMPTION, NEW RETAIL, NEW SNACKS” BUT RATHER AN ABBREVIATION OF THE INITIALS WITH THE HEAT OF “LLLM” (A LARGE-LANGUAGE MODEL), CATCHING UP WITH TODAY'S SURGE IN INTELLIGENCE (02513.HK) BY 45 PER CENT。

A lot of people call it "the authentic AI Big Language Model Unit" with so much money coming in. Whether it is recognized or not, perhaps the global stock market is entering the “Equities Memeization Age”。

The New Age of Global Stock Markets: When stocks collided with Meme

LET'S START WITH THE BASICS OF THE IPO: IT'S THE FOURTH TIME THAT IPO HAS HIT CAPITAL MARKETS。

IN 2019, THE PASS-THROUGH PLUMAGE A STOCK FAILED; IN 2025, IT EXPIRED AFTER THE TWO-DEGREE PASS-THROUGH PORT; UNTIL 21 MAY THIS YEAR, AFTER THE THIRD UPDATE OF THE PASS-THROUGH MATERIAL AND THE RENAMING OF THE SUBJECT FROM “SNEAK-PLUM GROUP INC.” TO “SNEAK-PLUM INC.”, IT TOOK LESS THAN A MONTH TO BE LISTED。It must be said that sometimes the name thing is indeed an encyclopedia。

ACCORDING TO THE DISTRIBUTION RESULTS PUBLISHED BY THE COMPANY, THE IPO PUBLIC SALE PORTION RECORDED APPROXIMATELY 6586.73 TIMES OVERSUBSCRIPTION. THE FINAL NUMBER OF PUBLIC DISTRIBUTION SHARES WAS 114.65 MILLION, OR ABOUT 10 PER CENT OF THE GLOBAL TOTAL. SOME 18.05 MILLION VALID APPLICATIONS WERE RECEIVED, OF WHICH APPROXIMATELY 11,465 WERE ACCEPTED, WITH A 1.5 PER CENT RATE OF REQUISITIONS, IMPLYING A LOW SIGN-IN RATE OF UP TO 1.5 PER CENT IN ONE HAND AND A HIGH LEVEL OF COMPETITION FOR SUBSCRIPTIONS; WITH REGARD TO INTERNATIONAL DISTRIBUTIONS, THE NUMBER OF INTERNATIONALLY DISTRIBUTED SHARES WAS 2.64 TIMES HIGHER, WITH 1,031.76 MILLION SHARES, OR 90 PER CENT OF THE TOTAL。BY COMPARISON, THE HEAT OF THE CURRENT IPO IS HIGHER THAN LAST MARCH'S “FIRST IN THE NUMBER OF MILK AND TEA SHOPS” MELE ICE CITY AT THE LANDING PORT UNIT, WHICH HAS A PUBLIC OVERSUBSCRIPTION OF 5258.21 TIMES。

In other words, institutions do not look good, but share 90 per cent; they do, but share only 10 per cent, and the main driving force behind the rise in openings comes more from the open market of free-playing “dancing with the dealer”。And that's where the "Meme Stock" is -- turning Meme's attention into a buyout for capital markets。

More Internet users compared the roll-out of plums to SpaceX, where the market was much more spectacular。

It is worth mentioning that the “Meme stock” is not a new term that has emerged recently, but an objective type of stock that exists in major capital markets such as US, Hong Kong, and A; but the “Equities Memeization Age” is definitely the latest trend in almost 1-2 years, and the main factors behind it are linked to the encryption market。

The earliest Meme Unit is no longer available, and we will only talk about some of the most representative labels of recent years。

The 2021 Jamestop may have been the starting point for a large number of people's American shares, Meme, led by well-known cattle, such as Roaring Kitty, by a global diaspora united to drive away Wall Street capital institutions, prompting numerous coupons and exchange “wirelines” to escape; and the previous period, when Gamestop had circulated news of the acquisition of EBay's EBay, triggered an all-time shock and raised stock prices。

Tesla and SpaceX, which recently completed IPO, were also considered to be one of Meme's shares, since these two companies, equities, and the more topical “billions of the world's richest” Mask, were bound to be considered “situated businesses with a high rate of urban dreams” until firm performance had been proven。

ON THE EVE OF TRUMP’S PRESIDENTIAL ELECTION IN 2024, THE A STOCK MARKET MOVED AHEAD OF SCHEDULE, AND THE KAWA DA ZHISUNG WENT ON THE PLATFORM’S HOT LIST AND EVEN STOPPED ON SEVERAL OCCASIONS; IN THE COURSE OF THE TRUMP CAMPAIGN THAT YEAR, HE WAS STABBED WITH A BROKEN GLASS IN HIS EAR, AND GOLE’S SHARES (COUNCIL “CRACKING”) WERE PULLED UP ON THE BOARD。

LAST YEAR, CHINA'S JAPANESE-JAPANESE RELATIONSHIP DETERIORATED, AND THE MILITARY-INDUSTRIAL UNIT'S SHARE IN FUGEI ONCE SKYROCKETED BECAUSE OF THE PATRIOTISM OF "CAPTURING JAPAN" – EIGHT CONSECUTIVE TRADING DAYS, WHEN STOCK PRICES ROSE BY 100 PER CENT, BECOMING ONE OF THE SHORT-TERM "DEMONS" IN THE A STOCK MARKET。

The current capital market, as well as the encrypted market of fragmentation and concentration of attention, has long been the “focus of attention” for provoking finance, liquidity, with the widest possible scope of discussion, attention to individual markers and tracks。

The surge in plumes is also a major example of the era of “stock memeization”。

The age of memeization begins: the tune, the short run, the AI age. Dividend

As OpenAI and Anthropic valuations rise to a scale of almost trillions of dollars, companies and equities associated with the chain of light, communications, materials, computing and so on, which is closely related to the AI industry, are coming to an outbreak:

• Young-wei is the first publicly traded company in history with a market value of more than $5 trillion
• (a) Prices of shares such as beautylight and flashy have soared and institutions have soared their prices
• THE KOSPI INDEX RISES AND FALLS BETWEEN SK HERCULES AND SAMSUNG ELECTRONIC STOCK PRICE FLUCTUATIONS
• THE FOUNDER OF INGWEIDA SAID, “BEWARE THAT MELWELL BECAME A TRILLION-DOLLAR GIANT” AND THAT THE SHARES OF MAVELL (MRVL) WERE RISING
• The new Innolight was misread as a translation problemInnocence lasers, the latter share price due to a 300 million-dollar heat surgeI don't know。

During the era of “stock memeization”, the heat associated with AI, the “big language model”, the sound of the popular slogans, the introduction of celebrities, etc. have become the market’s cause of concern, and the best stage for getting involved with attention and money。

The “Trump concept equity”, the “United States share government concept unit”, the “TACO-style trading target” etc. are also associated with this industry trend. This is the common game of Meme's currency track, which the encryption market has always advocated as a “focus-intensive industry”。

HOWEVER, CAPITAL MARKETS ARE DIFFERENT, MARKET RULES ARE DIFFERENT, AND THE SIZE OF CAPITAL, LIQUIDITY AND ENCRYPTION MARKETS ARE DIFFERENT. AFTER ALL, COMPARED TO THE SIZE OF TRANSACTIONS IN THE US STOCK MARKET, THE PORT STOCK MARKET, THE A STOCK MARKET, AND THE JAPANESE-KOREAN STOCK MARKET, THE ENCRYPTION MARKET AS A WHOLE IS LESS THAN $3 TRILLION IN VOLUME。

SpaceX made a leap to top 10 of the world's largest asset classes, and, in contrast, the BTC has fallen to 17 on the list, and I have to say, the contrast at the digital level always seems so cruelTHE ENCRYPTION INDUSTRY HAS BEEN WORKING HARD FOR MORE THAN A DECADE AND IS NOT WORTH THE IPO MARKET VALUE OF ONE OTHER COMPANY。

Today, the emergence and even increase of Meme shares may have become an industry trend, as illustrated by the earlier production of products by Kyawyang due to the “Hakimi North-South Green Beans” heat and the resulting rise in stock prices: For the groups of young people and investors in the current society, the targets of investment that can trigger mood fluctuations, attract market attention and stir liquidity are more worthy of buying。

Even if such short-term pursuits are merely a flash, it would be better for the majority to be able to join。To be objective, of course, the emergence of the Meme stock does not mean that the benefits of one side, such as wealth-building or industrial booms, are one side away; sometimes the process is accompanied by negative phenomena such as high prices, unilateral harvesting and emotional marketing。

LIKE THE BOOM IN ROLL-ON PLUMS, OTHERS ARE ANGRY THAT THEY'RE PULLING THEM FOR "SLICE-CUTTING"; THERE ARE ALSO ANALYSES THAT MAYBE ROLL-ON PLUMS HAVE JOINED THE HONG KONG STOCK EXCHANGE, ALLOWING A SHARE MARKET FUNDS TO BUY THEM TO DRIVE THEIR STOCK PRICES UP. THE REASON FOR THE TRUTH MUST BE MULTIDIMENSIONAL AND CONFUSING, AND PERHAPS WHAT WE CAN DO IS TO ADAPT TO THE CURRENTS OF THE TIMES AND TO FIND WAYS OF MAKING OURSELVES RICH。