The biggest IPO this year barred Americans — and it was a huge success

Contemporary Amperex Technology Co., the world’s largest maker of electric batteries, saw its shares rise as much as 18% on Tuesday after raising $4.6 billion in the top initial public offering of the year — and it mostly excluded Americans from participating.

May 20, 2025 - 08:52
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The biggest IPO this year barred Americans — and it was a huge success
Contemporary Amperex Technology Co., the world’s largest maker of electric batteries, saw its shares rise as much as 18% on Tuesday after raising $4.6 billion in the top initial public offering of the year — and it mostly excluded Americans from participating.