AsianFin -- Shares of Chinese battery giant Contemporary Amperex Technology Ltd. (CATL) soared on Tuesday in their highly anticipated Hong Kong debut, marking the world’s largest equity offering so far in 2025.

CATL’s shares closed 16% higher than their listing price of 263 Hong Kong dollars (approximately $33.63), following a secondary listing that raised nearly $4.6 billion in gross proceeds. The strong performance underscores investor confidence in the global leader in electric vehicle battery technology amid rising demand for clean energy solutions.