China Resources New Energy shares soared nearly threefold in its Shenzhen trading premiere on Thursday following the company’s successful 24.5 billion yuan ($3.61 billion) initial public offering, marking Asia’s largest IPO in 2026. The stock commenced trading at 21.60 yuan, a significant leap from the IPO price of 10.11 yuan, and experienced a remarkable surge of up to 198%, prompting a temporary trading halt. As of 0304 GMT, the stock had surged by 144% to 24.7 yuan, with total shares traded amounting to 12.2 billion yuan.
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