TLACU debuts today; three Hong Kong IPOs stay open through Sept. 2-4
TLACU begins trading today while three Hong Kong stock offers remain open, but no U.S. primary IPO allocation is fully verified from public broker pages.
Tuesday, September 1, 2026 brings a U.S. IPO status change with a primary order still unverified. Three Lions Acquisition priced its $100 million SPAC offering, and its units are expected to start trading under TLACU today. Webull's public IPO page lists two other U.S. offerings with September 1 end dates, while the account-level primary-order path still needs checking. 12
Today's spotlight: Three Lions Acquisition (TLACU)
Status: Priced at $10.00 per unit. The units are expected to begin trading on Nasdaq today, and the offering is expected to close on or about September 2. 1
Business in one sentence: Three Lions is a blank-check company looking for a business combination, with an expected focus on sports, hospitality and leisure, and real estate. 1
Terms: The deal sells 10 million units for $100 million. Each unit contains one ordinary share and one-half of a warrant. Each whole warrant carries an $11.50 exercise price. Shares and warrants are expected to separate under TLAC and TLACW. 1
The number to watch: The SEC prospectus models net tangible book value as low as $0.42 per public share in its maximum-redemption scenario, versus the $10.00 unit price. That scenario is a dilution illustration, not a forecast of the trading price. 3
The risk: Three Lions has no selected target. The prospectus says public shareholders could face substantial dilution from founder shares, private units and warrants. The next monitorable event is a definitive business-combination agreement; the liquidation deadline is 21 months after closing if no combination is completed. 3
A unit that trades after the market opens is secondary-market access, separate from a primary IPO allocation. The public broker pages checked for this issue show no deal-specific TLACU allocation window. 24
Actionable now
Verified open U.S. IPO allocations: 0. The public sources leave at least one field unverified for each live-order candidate: ticker, deal terms, minimum buy-in, deadline or a named broker path visibly available in the account.
| Ticker | Price range | Minimum buy-in | Deadline | Broker path | Status |
|---|---|---|---|---|---|
| None fully verified | — | — | — | — | Check the account before treating a calendar row as an order window |
Webull currently lists MDAT at $4.00-$5.00 and BWGC at $6.00-$7.00, both with a September 1 offering-end date and September 2 expected listing date. Webull's participation rules require at least $100 in settled funds for an IPO order. The $100 is an eligibility floor; it gives no deal-specific lot size or allocation guarantee. 25
Market pulse
- Allocation is conditional. Webull says an IPO order is a conditional offer to buy, allocations can be partial or zero, and only settled cash counts. On listing day, the price-discovery phase generally permits limit orders before regular trading begins. 5
HK desk
All dates below use Hong Kong time. Three stock offers remain open. The fourth row is the Hong Kong government's Silver Bond, a bond rather than an equity IPO.
| Code | Offer price | Public close | Minimum lot / cash | Expected listing | What matters |
|---|---|---|---|---|---|
| 3231 Excelland Robotics | HK$14.45-$19.55 | Sept. 4, noon | 200 shares; HK$3,910 at the top price before fees | Sept. 9 | Delivery, cleaning and service robots, plus AI vision solutions; the offer is still in its price range. 8 |
| 9976 Longsys Electronics | HK$240.60 | Sept. 3, noon | 50 shares; HK$12,030 before fees | Sept. 8 | Memory products and controllers; the high cash entry price makes lot size important. 9 |
| 2041 Medcaptain Medical | HK$15.42 | Sept. 2, noon | 100 shares; HK$1,542 before fees | Sept. 7 | Medical devices across life support, minimally invasive care and diagnostics. 10 |
| 44083 SilverBond | HK$100 | Sept. 4 | Lot size not shown in the current public table | Sept. 15 | Government bond exposure, not a new operating-company stock. 11 |
Phillip's current IPO table lists all four offers as open on September 1. Medcaptain's first-round margin deadline is September 1, while its public subscription runs until noon September 2. 11
On the radar: Sept. 2-15
Public pages did not separately disclose exact pricing dates for the U.S. names below. Expected listing dates are calendar checkpoints, not proof of a retail allocation.
| Deal | Pricing date | Expected listing | Terms | Why watch |
|---|---|---|---|---|
| BW Industrial Holdings (BWGC) | Not disclosed | Sept. 2 | $6.00-$7.00; about $17.1 million | Houston facility construction for energy and electronics, with a planned modular water-treatment product line. 12 |
| Web3Labs Global (MDAT) | Not disclosed | Sept. 2 | $4.00-$5.00; about $28.1 million | Hong Kong-based Web3 business services provider with consulting, acceleration and operating support for blockchain companies. 13 |
| Riku Dining Group (RIKU) | Not disclosed | Sept. 3 | $4.00-$6.00; about $25 million | Japanese restaurant operator and franchisor across Canada and Hong Kong. 14 |
| MetaOptics (MOT) | Not disclosed | Sept. 3 | $5.00-$7.00; $18 million uplisting | This is a Nasdaq uplisting and public offering, not a conventional first listing. The company makes thin metalenses and says it has mass-production capability without a critical mass of purchase orders. 15 |
| AEI CapForce II (AEIBU) | Not disclosed | Sept. 4 | $10.00 unit; $115 million shown on Webull | The largest listed dollar amount in the near-term Webull rows; unit structure and a primary order path still need account-level confirmation. 2 |
Market information only, not investment advice. IPO terms, dates, opening prices and broker access can change.
References
- 1Three Lions Acquisition pricing release
prnewswire.com
- 2Webull IPO Center
webull.com
- 3
- 4Robinhood IPO Access
robinhood.com
- 5Webull IPO participation rules
webull.com
- 6Renaissance Capital IPO calendar
renaissancecapital.com
- 7IPOScoop IPO calendar
iposcoop.com
- 8ET Net Excelland Robotics IPO detail
etnet.com.hk
- 9ET Net Longsys IPO detail
etnet.com.hk
- 10ET Net Medcaptain IPO detail
etnet.com.hk
- 11Phillip Securities IPO information
poems.com.hk
- 12IPOScoop BW Industrial Holdings
iposcoop.com
- 13IPOScoop Web3Labs Global
iposcoop.com
- 14IPOScoop Riku Dining Group
iposcoop.com
- 15IPOScoop MetaOptics uplisting
iposcoop.com
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