CATL shares electrify HK market on debut
Hong Kong | Contemporary Amperex Technology (CATL) rose in its Hong Kong trading debut after the Chinese battery giant wrapped up the world's biggest listing this year by raising $HK35.7 billion ($7 billion) despite being blacklisted by the Pentagon and grinding through geopolitical storms.
Shares of CATL, the largest maker of electric-vehicle batteries, climbed as much as 14 per cent to $HK299.80 in mid-morning trade on Tuesday. Hong Kong shares of Chinese companies typically trade at a discount to those in the mainland, but CATL soared above its stock price on the Shenzhen market, where it fell.
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