fromTNW | Investors-Funding
3 days agoEuropean startups
CATL launches a $5 billion Hong Kong share placement
CATL is raising up to $5 billion through a share placement in Hong Kong, marking a significant capital expansion for the company.
Shares in China's Zijin Gold International surged more than 60% on its debut in Hong Kong on Tuesday after raising more than $3 billion in one of the world's biggest initial public offerings this year. The blockbuster opening comes as gold prices continue to hit record highs amid surging demand for the safe-haven asset to head off broader market volatility and expected U.S. interest rate cuts.