Shares of the Chinese Three Gorges Dam under pressure were released
Shares of China Three Gorges Renewables Group rose 44 percent in its debut after the company raised $ 3.6 billion in China’s largest initial public offering in 2021.
China Three Gorges Corp. shares in the renewable energy sector, a state-owned company that registers it hydropower dam On the Yangtze River, the maximum number of days allowed by the Shanghai Stock Exchange on Thursday fell.
The group raised Rmb22.7 billion ($ 3.6 billion) in its IPO, which has been the largest equity asset in the country since $ 7.6 billion worth of stock sales China’s largest chip maker, Semiconductor Manufacturing International Corporation, came out last July. According to Bloomberg, the first day’s jump brought the company’s market capitalization to $ 17.1 billion.
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