Reported about 13 hours ago
Shuangdeng Group, a leading Chinese battery and energy-storage manufacturer, had a remarkable trading debut on the Hong Kong Stock Exchange, with shares rising 55% above the initial offering price. This surge reflects the booming IPO market in the city, particularly for firms tied to the electric vehicle sector. Shuangdeng plans to allocate a significant portion of its IPO proceeds to expand its production capabilities in Southeast Asia and enhance its global market presence.
Source: YAHOO