Battery giant CATL files for Hong Kong listing in what could be city's largest IPO since 2021
CATL is also listed on the Shenzhen stock exchange, boasting a market cap of $150.5 billion. The battery giant supplies big automakers like Tesla.
China’s EV battery king CATL files Hong Kong IPO plan to fund global expansion
CATL, as the Chinese company is known, submitted its application draft with the Hong Kong stock exchange on Tuesday, following the board’s approval in December. The IPO size and timeline were not disclosed. A US$5 billion deal, as reported by Reuters, would rank as the largest since Kuaishou Technology raised US$6.2 billion in January 2021.
CATL files for Hong Kong listing that could raise $5 billion
The long-awaited filing by CATL, as the world’s top electric-vehicle battery maker is known, comes amid a rally in Hong Kong’s stock market.
Chinese Battery Giant CATL Applies for Hong Kong Listing
The world’s largest maker of EV batteries has applied for a secondary listing in Hong Kong, joining the ranks of Chinese companies looking to tap the city’s fundraising markets.
China battery giant CATL starts Hong Kong listing process
Chinese battery giant CATL started the application process on Tuesday to be listed in Hong Kong and named seven banks as overall coordinators, according to stock exchange filings. CATL said in another exchange filing dated Tuesday that it had appointed overall coordinators and listed seven financial institutions.
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CATL and Lopal Restart China Lithium Refinery Despite Price Rout
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