CATL completed a share placement at a 5.1% discount, with demand more than twice the available supply, reflecting continued investor appetite for Chinese technology equities despite its 20% year-to-date gain. The 58 million shares, or 1.27% of total equity, were priced at 410.34 yuan each after bids from 50 institutional investors. CATL shares rose as much as 6.1% in Hong Kong and 2.4% in Shenzhen, hitting record levels. China’s tech rally remains strong, with the ChiNext Index up 87% over the p

CATL completed a share placement at a 5.1% discount, with demand more than twice the available supply, reflecting continued investor appetite for Chinese technology equities despite its 20% year-to-date gain. The 58 million shares, or 1.27% of total equity, were priced at 410.34 yuan each after bids from 50 institutional investors. CATL shares rose as much as 6.1% in Hong Kong and 2.4% in Shenzhen, hitting record levels. China’s tech rally remains strong, with the ChiNext Index up 87% over the past year. Recent Hong Kong listings and placements across the sector have also drawn strong demand, including companies linked to Nvidia Corp. supply chains, energy storage, and robotics. Compared with other deals, CATL’s discount was narrower than peers, where larger discounts of 14% to 24% were seen in recent secondary share sales.