New Stock News | Sturgeon Technology's Hong Kong IPO and the "full circulation" of domestically unlisted shares have been approved by the China Securities Regulatory Commission.

On May 22, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Filing for Overseas Issuance and Listing of Unlisted Shares of Hangzhou Qiandaohu Xunlong Technology Co., Ltd." Xunlong Technology plans to issue up to 18,782,800 ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. 31 shareholders of the company intend to convert a total of 92,552,700 unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. According to the prospectus, Xunlong Technology is the world's largest caviar company. According to data from Zhushi Consulting, the company has been the world's number one caviar seller for the past 11 years since 2015. From 2021 to 2025, the company's caviar sales are expected to continue to account for over 30% of the global market, reaching 36.1% in 2025, more than four times that of the second largest company globally.