Micro-, Small-Cap Firms Dominate Market Rally

2. LZ Technology Holdings Ltd. (NASDAQ:LZMH)

LZ Technology Holdings, a newly listed company on the stock market, rallied for a fifth straight day on Thursday to achieve a more-than-double growth from its initial public offering (IPO) price.

The company, which trades under the ticker symbol LZMH, rallied by 34.04 percent in the last trading session to close at $9.82 apiece, representing a whopping 145.5 percent increase from its IPO price of $4.

Since its debut on the stock market on February 27, the company’s stock price already saw a surge of 96.4 percent from its first closing price of $5.

Trading in the company may have been buoyed by the continued appetite for Chinese stocks, thanks to the booming artificial intelligence industry in China.

LZMH is a technology and advertising firm operating through its subsidiaries in China. Its business spans three key verticals: Smart Community, Out-of-Home Advertising, and Local Life. Smart Community services provide intelligent access control and safety management systems, installed in thousands of residential communities in China.