Reported about 1 year ago
Footwear giant Lai Yi-KY (6890) debuted on the stock market at 85 yuan per share and skyrocketed to 150 yuan, a 115% increase, on its first day, with the possibility for lucky winners to earn up to 98,000 yuan if selling at the peak. Lai Yi-KY, a major supplier for brands like adidas, converse, HOKA, and UNIQLO, showed significant growth in revenue and earnings for both 2023 and Q1 of 2024, attracting positive market sentiments, especially with the sports opportunities presented by the Paris Olympics.
Source: YAHOO