Shares of Shuangdeng Group, one of China’s largest makers of batteries and energy-storage systems, soar in their Hong Kong trading debut on Tuesday, as the city’s buoyant initial public offering (IPO) market continues to mint successful listings, especially for companies in the electric vehicle boom.
Advertisement
Trading under the stock sign 6960, Shuangdeng first changed hands at HK$22.50, a premium of 55 per cent to its offer price of HK$14.51 per share.
The Hong Kong stock exchange, which leads the global fundraising league table this year on the back of blockbuster deals, is attracting a slew of Chinese battery and energy-storage companies amid strong investor demand. In total, 46 Chinese companies have raised US$16.5 billion through Hong Kong IPOs in 2025, according to Bloomberg data.
Contemporary Amperex Technology, the world’s largest battery maker, raised US$4.6 billion in a secondary listing in May, marking the city’s biggest fundraising deal this year. Its Hong Kong-listed shares traded higher than its mainland-listed shares, showing enthusiastic international demand.
Advertisement
Retail investors lodged margin‑financed bids for about 3,300 times the number of Shuangdeng shares that were available, according to data compiled by Futu Securities on Monday.
