Excelland Robotics (Wuxi) surges 1.4 times on Hong Kong debut

Excelland Robotics (Wuxi) (3231) opened 1.4 times higher on its Hong Kong debut on Wednesday.

Its shares advanced 142.2 percent to HK$35 compared to its offer price of HK$14.45, delivering a paper gain of HK$4,110 per 200 shares.

The Chinese robotics and artificial intelligence enterprise’s retail tranche was oversubscribed 139 times.

Its shares later rose nearly 1.76 times in early trading.

The company's chairman, co-founder, chief executive officer, and executive chairman, Lu Ying, said that for 13 years, the company has remained committed to its founding mission of "freeing laborers from toil," steadily advancing in the commercial service robotics field across technology, product development, and commercialisation to become a leader in the sector.

Looking ahead, he said the company will stay true to its belief in artificial intelligence and robotics, while respecting laws, regulations and market rules. It aims to contribute to the growth of AI and robotics, and to bring its mission of robots into every home to life, seeing them navigate the streets of every city.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓