Trading under the stock code 3750, CATL shares first changed hands on Tuesday at HK$296 in Hong Kong, a premium of 12.5 per cent compared with their offer price of HK$263, in a stock offering that raised HK$35.7 billion (US$4.6 billion). In Shenzhen, CATL’s shares fell 0.6 per cent to 258.58 yuan (HK$280.57).
“This listing signifies our deeper integration into the global capital markets and marks a new milestone in our mission to drive the global zero-carbon economy,” CATL’s founder Robin Zeng said at the listing ceremony of the company’s shares at the Hong Kong stock exchange. “CATL is not just a battery component manufacturer; we are a system solution provider and are committed to becoming a zero-carbon technology company.”
The Hang Seng Index advanced by 0.5 per cent, while the CSI 300 Index that tracks the 300 largest companies in Shanghai and Shenzhen rose by 0.3 per cent.
“The outstanding performance of Hong Kong’s stocks and the strength of the currency have boosted the market,” Financial Secretary Paul Chan Mo-po said. “The listing of CATL will make these positive factors more prominent. I believe it will improve the liquidity of Hong Kong stocks and promote the optimisation of the market structure.”
