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IPO

Chinese lithium battery maker CALB finishes flat in Hong Kong debut

City's biggest IPO this year raised $1.29 billion but share-sale market weak

HONG KONG -- Chinese lithium battery supplier CALB finished flat in its Hong Kong trading debut Thursday after raising $10.1 billion Hong Kong dollars ($1.29 billion) in the city's biggest share sale this year.

The stock struggled to defy a market chill with CALB shares ending the day at their opening price of HK$38. The shares, which were already priced at the bottom of a HK$38 to HK$51 range outlined when the deal was announced, briefly fell as much as 1.7% earlier in the session.

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