On July 3, Xunlong Sci-tech (06715.HK) rose 5.43% in regular trading, trading at HK$86.8 per share, with turnover of HK$14.49 million. The stock is rebounding after a pullback from its IPO debut highs.

The company listed on the Hong Kong Stock Exchange on June 30 at an offer price of HK$75.50 per share, surging as much as 50% to approximately HK$114 on its first day before retreating. The IPO attracted extraordinary investor interest, with the Hong Kong public offering oversubscribed 2,134.81 times and the international offering oversubscribed 19.87 times. Net proceeds totaled approximately HK$1.146 billion, with eight cornerstone investors including BlackRock subscribing for US$78.5 million.

Xunlong Sci-tech is the world's largest caviar producer, having maintained global No.1 sales volume for 11 consecutive years since 2015. Its global market share reached 36.1% in 2025, over four times that of the second-largest player. Revenue grew from RMB 577 million in 2023 to RMB 769 million in 2025, representing a compound annual growth rate of 15.4%.

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