Xunlong Sci-Tech

Xunlong Sci-Tech (Ticker: 6715 HK) produces caviar through sturgeon aquaculture. Its operations include sturgeon breeding and farming, caviar processing, sales, and marketing. Its main product is caviar, sold under the KALUGA QUEEN brand. Customers include overseas caviar houses, fine food companies, restaurants, hotels, and supermarkets. The base offering consists entirely of primary shares; it also includes a 15% greenshoe option.

The scheduled listing date on Hong Kong Stock Exchange was June 30, 2026. The offering comprises 16,330,000 shares at a confirmed price of HKD 75.50 per share. At the confirmed offer price, the base offering represents HKD 1.23 billion, approximately $157.10 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is HKD 8.22 billion, approximately $1.05 billion.

CITIC Securities, China Industrial Securities International, China Securities International, and Huafu International Securities are joint managers.