CATL Takes Off: Billion-Dollar IPO in Hong Kong Electrifies the Markets
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Strong start: CATL stock soars by 13 % Today, the Chinese battery manufacturer CATL celebrated an impressive debut on the Hong Kong stock market. The issue price was HKD 263 – but shortly after trading began, the stock was quoted at HKD 296, an increase of over 13%. With proceeds of around €4 billion, this is the largest IPO of the year worldwide so far. Demand was high, and the order book was oversubscribed multiple times. Global expansion: billions for Europe's battery future A large portion of the fresh capital is already earmarked:...
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