US Stock Market Move | Green decarbonization technology company Baojia International (GCDT.US) entered the U.S. stock market and triggered a trading halt mechanism after the market opened.

On Tuesday, the green decarbonization technology company Baojia International (GCDT.US) landed on the US stock market, triggering a trading halt after opening. The stock resumed trading and surged by 25%, reaching $5, compared to the IPO price of $4. The company stated that the IPO is expected to raise approximately $10 million in total funds, of which the net proceeds will be mainly used for factory construction to expand production capacity, purchase production equipment, repay some debts, and supplement general operating funds to support the company's future business development. Baojia International is a holding company registered in the Cayman Islands, with its business mainly carried out through its Hong Kong subsidiary Boca International Limited. The company focuses on the application of phase change material (PCM) energy storage systems in the cooling and heating field, providing energy-saving solutions to customers with its own phase change heat storage materials and thermal engineering technology. The business direction aligns well with the global decarbonization and energy efficiency improvement trends. Market observers point out that in the context of global efforts to reduce emissions and energy transition, companies focusing on energy efficiency and low-carbon technologies are gradually gaining attention from the capital markets. Baojia International's entry into the US stock market is seen as another example of companies in related niche sectors accelerating their international financing pace.