Sogou New Energy successfully landed on the Hong Kong Stock Exchange, with a rise of over 100% in the dark market before.

Chinese energy storage equipment manufacturer Sig Energy Co., Ltd. will start trading in Hong Kong on Thursday, after raising HK$4.4 billion by issuing shares, providing another option for investors in the booming energy storage industry. Sig Energy has an IPO price of HK$324.20 per share, attracting over a dozen cornerstone investors including a company under Temasek, Goldman Sachs Asset Management, and Hillhouse. Sig Energy soared over 100% in grey market trading in Hong Kong on Wednesday. With the surge in electricity demand driven by the development of artificial intelligence, and the listing of CATL in Hong Kong last year, investor demand for energy storage stocks is strong. The recent conflict in Iran causing disruptions in energy supply has further heightened market enthusiasm for the energy storage industry.