Sri Lanka, Jan. 8 -- January 8, 2026 (LBO) - Wealthtrust Securities (WLTH), a leading primary dealer of government securities in Sri Lanka, has spiked 167% from its IPO price in its stock market debut.

WLTH shares closed the day at LKR 18.70/share after coming public at an IPO price of just seven Sri Lankan Rupees. The IPO was heavily oversubscribed.

Turnover in the shares was a healthy LKR 1.17bn leaving the company with a market capitalisation of close to 23 billion rupees.

This IPO spike came on the heels on what Sri Lanka's DailyFT newspaper termed the Colombo Stock Exchange's "greatest humiliation in its 130 year history." In this episode which took place the previous day, the market had to be shut down and all trades reversed.

H...