Shares of XUNLONG SCITECH (06715) commenced trading today. The company's initial public offering was priced at HK$75.5 per share, with a total of 16.33 million shares issued in lots of 100 shares. The net proceeds from the offering amounted to approximately HK$1.146 billion.

In early trading, the stock opened sharply higher, rising 36.42% to HK$103, with a turnover of HK$181 million.

Public information indicates that XUNLONG SCITECH is the world's largest producer of caviar. According to data from a research firm, the company has held the top global sales position for caviar for 11 consecutive years since 2015.

From 2021 to 2025, the company's caviar sales consistently accounted for over 30% of the global market, reaching 36.1% in 2025. This market share is more than four times that of the world's second-largest player.

With over two decades of industry experience and development, the company has successfully established an integrated value chain covering sturgeon breeding and farming, caviar processing, sales, and brand marketing.

The company has created the international caviar brand "KALUGA QUEEN." It is driven by continuous technological advancement and is committed to providing premium caviar products to consumers worldwide.