Excelland Robotics (03231.HK): Public Offer 140.02x Subscribed, Offer Price Set at HKD 14.45, Trading to Commence Tomorrow

NewTimeSpace News: On 8 September 2026, Excelland Robotics (Wuxi) Co., Ltd. (stock code: 03231) published its allotment results announcement, with the offer price fixed at HKD 14.45 per share and dealing in the shares to commence on the Stock Exchange of Hong Kong on 9 September 2026. Based on the offer price, total gross proceeds from the global offering amount to HKD 650.2 million, and after deducting estimated listing expenses of HKD 73.6 million, net proceeds are approximately HKD 576.6 million.

The allotment results showed that the Hong Kong public offer received 27,933 valid applications, of which 7,239 were successful, representing a subscription level of 140.02 times, without triggering the clawback mechanism. After the reallocation of 531,800 shares from the international offering, the final number of offer shares under the Hong Kong public offer was 2,781,800 H shares, representing 6.18% of the final offer shares under the global offering. The international offering was subscribed at 0.99 times and, after reallocation, comprised 42,218,200 H shares, representing 93.82%. The global offering comprised 45,000,000 H shares in total, and the number of issued shares after listing is 416,368,421.

The announcement contains a warning that, given the high concentration of shareholding among a small number of shareholders, the price of H shares may fluctuate significantly even with only a small volume of H shares traded, and shareholders and potential investors should exercise extreme caution when dealing in the H shares.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.