China Resources New Energy's shares nearly tripled on their Shenzhen stock exchange debut on Thursday after the wind and solar power company raised 24.5 billion yuan ($3.61 billion) in Asia's largest initial public offering (IPO) so far this year, according to Reuters.
The stock opened at 21.60 yuan, sharply above its IPO price of 10.11 yuan, and climbed as much as 198% during early trading, triggering a temporary trading halt under exchange rules.
