SHANGHAI/HONG KONG — Shares of Contempor 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, and closed 16.4% higher at HK$306.20. The closing price gave it a market capitalization of about $166 billion. The company is already listed on the Shenzhen Stock Exchange. Shares of CATL opened 1.7% higher in Shenzhen and ended the day up 1.2% on Tuesday.
