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Chinese energy storage firm RelyEZ jumps on Hong Kong debut
RelyEZ Energy Storage Technology rose sharply when it began trading in Hong Kong on Monday, after raising HK$562.7 million in an initial public offering. Its debut highlights investor demand for the Chinese energy storage company’s shares.
The stock traded at HK$22.20, up 127 per cent from its HK$9.78 offer price, after opening at HK$21. The Hang Seng Index was up 0.6 per cent.
In short
- RelyEZ raised HK$562.7 million in its Hong Kong IPO.
- Shares traded 127 per cent above the offer price.
- The Hang Seng Index rose 0.6 per cent.