Reported about 17 hours ago
CATL's shares surged 16% on their Hong Kong debut after raising $4.6 billion, marking the largest IPO of the year and improving fundraising optimism for Chinese firms. Despite market uncertainties and geopolitical tensions, investor demand was robust, with shares traded well above the offer price. CATL plans to utilize the funds for its European battery factories, contributing to a notable resurgence in Hong Kong's capital markets, with over 40 Chinese firms considering listings there.
Source: YAHOO