Published Sep 10, 2026, 4:50 AM ET · Updated 2 months ago · 1 source

Hong Kong IPO’s 177% Pop Highlights Quirk in Allocation Rules

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Original Report

A 177% debut surge on Wednesday by Excelland Robotics Wuxi Co. is putting a spotlight on Hong Kong’s rules for allocating shares in initial public offerings after the listing left almost 94% of the shares in institutional hands despite strong demand from retail investors.