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 a total of 41 billion Hong Kong dollars ($5.3 billion), after the over-allotment option was fully exercised following the rally.
Equities
CATL ups amount raised to $5.3bn Hong Kong debut on world's top offering this year
Chinese battery adds coffer to fund European expansion after 16% surge on day one
Robin Zeng Yuqun, Chairman of Chinese battery giant CATL, third from left, toasts after CATL debuted trading on the Hong Kong stock exchange, in Hong Kong on May 20. (AFP/Jiji)
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