China’s Sigenergy set to surge 79% in Hong Kong debut after $562 million IPO

Sigenergy Technology shares are set to open 79.2% higher in Hong Kong after raising $562 million in its IPO.

Source: Reuters (via feed)




Shares of Sigenergy Technology, a Chinese energy storage systems maker, are set to open 79.2% higher in their Hong Kong market debut on Thursday.

The company raised HK$4.4 billion, equivalent to $562 million, in its initial public offering.

Sigenergy specializes in energy storage systems.

The IPO introduction occurred on Thursday in Hong Kong.

BizTrendWire Insight:

Sigenergy Technology’s IPO raised $562 million. The shares are set to debut with a 79.2% increase.


Read full story on Reuters

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