China’s Sigenergy Know-how seeks US$561.6 million from Hong Kong IPO

China’s fast-growing vitality storage sector is drawing recent curiosity from capital markets, with Sigenergy Know-how changing into the newest to faucet Hong Kong for funding, as corporations experience a worldwide push for renewable vitality.The Shanghai-based agency was looking for to boost about HK$4.4 billion (US$561.6 million) by way of an preliminary public providing (IPO), based on its prospectus on Wednesday, as investor urge for food builds round battery storage and good vitality methods that complement photo voltaic and electrical car (EV) adoption.Sigenergy deliberate to promote 13.57 million shares at HK$324.20 every, with 10 per cent allotted to Hong Kong retail traders and the rest to worldwide consumers,…