Stock Track | Chinese Kitchenware Maker CAROTE Soars 74% in Red-Hot Hong Kong IPO Debut

Stock Track10-02

Shares of CAROTE LTD, a Chinese maker of kitchenware products, skyrocketed 74.05% in their Hong Kong trading debut on Wednesday, closing at HK$16.95 after being priced at HK$9.75 in the initial public offering.

The stellar first-day pop underscores the strong investor appetite for new economy stocks in Hong Kong and comes despite recent market volatility. CAROTE, which manufactures cookware, bakeware, and other kitchen tools, raised $306 million in its IPO.

The Shenzhen-based company's shares surged as high as HK$17.50 in their first trading session before paring some gains. The listing was the city's fourth-biggest first-day gain so far this year. Investor enthusiasm for CAROTE reflects perceptions of its growth potential in China's burgeoning kitchenware market and its positioning as a lifestyle brand.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1198318051?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-02 11:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198318051","market":"hk","top_or_hot":-1,"title":"Stock Track | Chinese Kitchenware Maker CAROTE Soars 74% in Red-Hot Hong Kong IPO Debut","media":"Stock Track","content":"<p>Shares of CAROTE LTD, a Chinese maker of kitchenware products, skyrocketed 74.05% in their Hong Kong trading debut on Wednesday, closing at HK$16.95 after being priced at HK$9.75 in the initial public offering.</p>\n\n<p>The stellar first-day pop underscores the strong investor appetite for new economy stocks in Hong Kong and comes despite recent market volatility. CAROTE, which manufactures cookware, bakeware, and other kitchen tools, raised $306 million in its IPO.</p>\n\n<p>The Shenzhen-based company's shares surged as high as HK$17.50 in their first trading session before paring some gains. The listing was the city's fourth-biggest first-day gain so far this year. Investor enthusiasm for CAROTE reflects perceptions of its growth potential in China's burgeoning kitchenware market and its positioning as a lifestyle brand.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Chinese Kitchenware Maker CAROTE Soars 74% in Red-Hot Hong Kong IPO Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Chinese Kitchenware Maker CAROTE Soars 74% in Red-Hot Hong Kong IPO Debut\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-02 11:50 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of CAROTE LTD, a Chinese maker of kitchenware products, skyrocketed 74.05% in their Hong Kong trading debut on Wednesday, closing at HK$16.95 after being priced at HK$9.75 in the initial public...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02549","symbol_name":"卡罗特","start_time":0,"source_url":"","article_id":"1198318051","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198318051","pubTimestamp":1727841049,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CAROTE LTD, a Chinese maker of kitchenware products, skyrocketed 74.05% in their Hong Kong trading debut on Wednesday, closing at HK$16.95 after being priced at HK$9.75 in the initial public offering.The stellar first-day pop underscores the strong investor appetite for new economy stocks in Hong Kong and comes despite recent market volatility. CAROTE, which manufactures cookware, bakeware, and other kitchen tools, raised $306 million in its IPO.The Shenzhen-based company's shares surg","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02549":"卡罗特"},"translate_title":"股票赛道中国厨具制造商CAROTE在香港首次公开募股中飙升74%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02549":1},"content_text":"Shares of CAROTE LTD, a Chinese maker of kitchenware products, skyrocketed 74.05% in their Hong Kong trading debut on Wednesday, closing at HK$16.95 after being priced at HK$9.75 in the initial public offering.\nThe stellar first-day pop underscores the strong investor appetite for new economy stocks in Hong Kong and comes despite recent market volatility. CAROTE, which manufactures cookware, bakeware, and other kitchen tools, raised $306 million in its IPO.\nThe Shenzhen-based company's shares surged as high as HK$17.50 in their first trading session before paring some gains. The listing was the city's fourth-biggest first-day gain so far this year. Investor enthusiasm for CAROTE reflects perceptions of its growth potential in China's burgeoning kitchenware market and its positioning as a lifestyle brand.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1198318051"}