On September 9, EXCELLAND ROBOT surged 147.75% in regular trading on its listing debut, trading at 34.98 HKD/share, with turnover of approximately 107 million HKD. The stock opened at 35 HKD, representing a sharp premium over its IPO price of 14.45 HKD per share.

The surge was driven by the company's highly anticipated Hong Kong IPO debut. EXCELLAND ROBOT offered 45 million H-shares at 14.45 HKD each, raising approximately 576.6 million HKD in net proceeds. The Hong Kong public tranche was oversubscribed 140.02 times, while margin subscriptions exceeded 4.2 billion HKD during the book-building period. Pre-listing dark pool trading had already indicated strong demand, closing up over 106% ahead of the official debut.

According to its prospectus, EXCELLAND ROBOT is the third-largest commercial service robot supplier in China by revenue with an 8.9% market share. The company reported revenue of 318 million RMB for fiscal year 2025 and had delivered over 114,600 robots to more than 5,100 clients globally as of March. Proceeds will primarily fund R&D expansion and core technology development for indoor and outdoor robotics solutions.

Founded in 2013, EXCELLAND ROBOT is a commercial service robot solutions provider specializing in autonomous delivery, cleaning, and patrol applications across indoor and outdoor environments, and is among the first companies to achieve mass commercial deployment of unmanned driving equipment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)