Movement Alert｜Xunlong Sci-tech Falls 5.09% in Regular Trading, Post-IPO Correction Drives Stock Near Offer Price

Market Focus07-08

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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