From April 15,2024 to April 21,2024, a total of one Chinese company submitted to the US IPO on NASDAQ, and two companies were officially listed.

 Where the Nasdaq Form IPO is Jialiang Holdings Ltd, the current prospectus does not disclose details other than the amount raised. The officially listed companies are Fuyuan Holdings (Top Wealth Group Holding Ltd) and Austin Interior Design (Junee Ltd).

During the period, there were no Chinese listing, nor any ETF issued.

 Next, this article will introduce one of the companies officially listed in Nasdaq:

On April 16,2024, Top Wealth Group Holding (its well-known brand is Imperial Cristal Caviar), a caviar product supplier from China, listed Nasdaq Capital Market on NASDAQ, stock code: TWG, with the issue price of $4, issued 2 million common shares, a total fundraising amount of $8 million, and the issued market value is estimated to be about $116 million US dollars. The underwriters are Revere Securities, LLC, and the company will submit Pacific Century Securities, LLC Pacific Century Securities, rotated.

 As of April 19,2024, the company's Nasdaq share price closed at $3.73, down 5.75% from its offering price.

 Top Wealth Group Holding Caviar holds the Convention on International Trade in Endangered Wild Fauna and Plants (CITES) license, and the business is legal and compliant. As one of Hong Kong's leading caviar suppliers, Top Wealth Group is able to obtain long-term and exclusive supplies of caviar ingredients from sturgeon farms. Top Wealth Group The company has signed an exclusive supply agreement with Fujian Aoxuan Rice Biotechnology Co., Ltd. (Fujian Aoxuanlaisi Biotechnology), which is the agent and exclusive distributor of a well-known sturgeon farm in Fujian Province, China.

 Headquartered in Hong Kong, the company was founded in 2009. In 2016, the company was mainly engaged in sports-related finished products, and stopped related business in 2017, and the company basically had no operation in 2021.

 Since launching its caviar business in August 2021, Top Wealth Group has supplied customers with caviar with its brand label (i. e. private label) or no brand label. Then, in November 2021, Top Wealth Group established its own caviar brand, "Imperial Cristal Caviar" (Imperial caviar), and began selling caviar under its own brand.

With its exquisite packaging design, Top Wealth Group's caviar is suitable for both a culinary delicacy and a festival gift. After the switch, Imperial Cristal Caviar has seen huge sales growth. Customers are mainly distributors related to food and beverage (F & B). Top Wealth Group A strategic focus on business-to-business sales (B2B) will enable companies to have access to customers' sales networks and consumer groups to help companies quickly and effectively promote their products to a maximum and effective extent.

 The specific structure of the company is as follows:

In terms of finance, according to F-1, the company's operating income in the first six months of 2023 was about $6.966 million, and the year-on-year revenue was $3.692 million, almost doubled, and the growth trend was obvious. The gross profit also increased from $2.02 million to $2.78 million, and the net profit increased from $1.118 million to $1.82 million, which is slightly slower than the revenue growth. Overall, the company's strategic transformation was quite successful, entering the caviar business, reactivating the company that had been closed for four years.

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