China's Energy Storage Firm Sigenergy Technology Soars 79% in Hong Kong Debut

Tiger Newspress04-16 09:20

China's energy storage firm Sigenergy Technology soars 79% in Hong Kong debut.

The global offering comprises 13.57 million H shares, of which 1.36 million are reserved for Hong Kong public investors and the remainder will be allocated to international investors, at an offer price of HK$324.20 per share.

The Shanghai‑based company develops and manufactures smart energy storage systems, including battery products, inverters and energy management software, serving residential and commercial customers as demand for clean energy solutions rises.

CLSA, Asia's leading capital markets and investment group and the international platform of CITIC Securities, China's largest investment bank, is among the deal's joint sponsors.

Proceeds from the listing will be used primarily to expand production capacity, fund research and development, and strengthen sales-and-service networks, the company said in the prospectus.

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