The company that supplies Tesla and Volkswagen collected $ 4.6 billion, using the demand on the part of the Kuwait State Fund, retail investors in Hong Kong and an investment vehicle supported by the Italian family of billionaires Agnelli. New investors can quickly demonstrate significant profit, because in the debut shares went up by 16 percent.
Already the previous day, Catl was valued at $ 160 billion, which gave her place in the top 100 in the world. Now it will probably move a dozen or so places up, and Its stock exchange value went up by around $ 25 billion.
The first day of CATL ratings in Hong Kong
CATL quotations in Hong Kong
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Investing.com
The scale of growth is all the more surprising that uncertainty as a result of Donald Trump's customs policy has increased on the market. The economic slowdown in China, and and CATL is placed in January by the US Department of Defense on the list of enterprises accused of cooperation with the Chinese army.
After Catl informed in his prospectus that he was cooperating with the American department to solve the problem of “false marking”, global investors, including the United States, submitted offers for the number of shares in the multiple of the number offered, says Reuters.
“Pioneer in a zero -emission economy”
Billionaire Robin Zeng, founder of CATL, introduced the company to the Ship Stock Exchange in 2018, but currently added a stock exchange in Hong Kong, because he pressed an aggressive foreign expansion – writes the Financial Times. The expansion includes, among others A factory in Hungary worth $ 7.3 billion. When he hit the gong at the beginning of the Hong Kong, Zeng said that Catl was not satisfied with being “only a producer of batteries.” He praised the group's ambitions to be a “pioneer” in the zero -emission economy.
Read also: China is building battery factories, but they leave technology for themselves. “Little benefits”
Entrance to the stock exchange is a rare bright point for global capital markets, which this year fought for gain in the face of market turmoil caused by the broadly tilted trump customs. Analysts say that this is also a sign of global appetite for high -quality Chinese companies at a time when some investors verify their exposure to American shares – “FT” indicates.
