CATL surges 12.5% in Hong Kong debut after world's top offering this year
SHANGHAI/HONG KONG -- Shares of Contemporary Amperex Technology, better known as CATL, rose in their trading debut on the Hong Kong Exchange on Tuesday, after the Chinese electric vehicle battery maker raised 35.7 billion Hong Kong dollars ($4.6 billion) in the world's largest share offering so far this year.
CATL's shares began trading at HK$296 per share, 12.5% higher than the offer price of HK$263, giving it a market capitalization of about $163 billion. The company is already listed on the Shenzhen Stock Exchange. Shares of CATL opened 1.7% higher in Shenzhen on Tuesday.
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