Hong Kong IPO’s 177% Pop Highlights Quirk in Allocation Rules
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.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.