CR New Energy’s Record IPO Gets Strong Retail Demand in Shenzhen (opens original article in a new tab)

CR New Energy's IPO became the largest in Shenzhen Stock Exchange history with strong retail demand, raising 24.5 billion yuan and a market value of 135 billion yuan.

• CR New Energy's IPO was the largest on the Shenzhen Stock Exchange with 2.42 billion shares offered at 10.11 yuan each
• Retail demand for the IPO was 683 times subscribed after a clawback
• The IPO raised 24.5 billion yuan and gives the company a market value of 135 billion yuan
• The offering is the largest in Shenzhen's 36-year history and exceeds previous records like Yihai Kerry Arawana's $2 billion raise