Key facts
- Hangzhou Qiandaohu Xunlong Sci-Tech is the world's largest caviar producer.
- The company debuted on the Hong Kong Stock Exchange.
- The IPO raised $153 million.
- Shares opened 36.4% higher than the IPO price.
Hangzhou Qiandaohu Xunlong Sci-Tech, globally recognized as the largest producer of caviar, has completed its initial public offering (IPO) on the Hong Kong Stock Exchange. The company successfully raised $153 million in this listing. Following its debut, the shares of Hangzhou Qiandaohu Xunlong Sci-Tech opened trading at a significant premium, trading 36.4% higher than their IPO price. This event positions the company, often referred to as the 'Sturgeon King,' for further growth and expansion within the international luxury food market, particularly in the high-value caviar sector.