On July 8, Xunlong Sci-tech declined 5.09% in regular trading, trading at HK$77.2 per share, with turnover of HK$12.35 million. The stock has now retreated over 33% from its first-day high and is approaching its IPO offer price of HK$75.5.

The decline is a continuation of the post-IPO correction that began after the stock's June 30 debut on the Hong Kong Stock Exchange. Xunlong Sci-tech opened at HK$103 on its first trading day, surging as high as HK$120.2 before closing at HK$114, a 50.99% premium to the offer price. Since then, the stock has fallen in consecutive sessions as early investors lock in profits. Trading volume has notably contracted from the HK$542 million recorded on the first day, reflecting weakening momentum.

The company's public offering was oversubscribed 2,134 times, and cornerstone investors including BlackRock, Barings, and Taikang Life subscribed approximately HK$615 million. Xunlong Sci-tech is the world's largest caviar producer, holding over 36% global market share, with revenue of RMB 769 million and a net profit margin of 47.5% in 2025.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)