diff --git a/ChangeLog b/ChangeLog
index 06946eca..dafbc38f 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+2024-10-03 1.7.3
+
+* Limit initial containers pre-allocation to `SHRT_MAX` (32k) entries.
+
 2023-07-18 1.7.2:
 
 * Fix a potential GC bug when packing data using recursive extensions and buffers containing over 512KkiB of data (See #341).
diff --git a/lib/msgpack/version.rb b/lib/msgpack/version.rb
index 0b3b8011..103d3aea 100644
--- a/lib/msgpack/version.rb
+++ b/lib/msgpack/version.rb
@@ -1,5 +1,5 @@
 module MessagePack
-  VERSION = "1.7.2"
+  VERSION = "1.7.3"
   # Note for maintainers:
   #  Don't miss building/releasing the JRuby version (rake buld:java)
   #  See "How to build -java rubygems" in README for more details.