CATL to launch at least $4 billion Hong Kong listing on Monday, sources say
- CATL plans to raise $4 billion in a Hong Kong listing on May 20, making it the largest IPO expected in the city this year.
- CATL produces more than a third of all electric vehicle batteries sold worldwide, working with brands like Tesla and Volkswagen.
- Funds from the listing could support CATL's overseas expansion, including a new factory in Hungary.
- CATL's net profit jumped 32.9 percent in the first quarter, despite a slowdown in China's EV market that affects smaller firms.
84 Articles
84 Articles
The Chinese giant CATL wants to raise $4 billion on the Stock Exchange to strengthen its grip in batteries
DECRYPTAGE - Already listed in Shenzhen since 2018, the group wants to introduce itself to the Hong Kong Stock Exchange. Some investors may be forced to give up participating.
Battery giant CATL hopes to raise 4B in Hong Kong listing
The NewsThe Chinese battery giant CATL will go public in Hong Kong, hoping to raise $4 billion. CATL, the world’s biggest battery producer, has grown rapidly thanks to China’s domestic electric-vehicle boom, soaring global demand for battery storage, and its own relentless focus on research and development. The listing is expected to be Hong Kong’s biggest this year: Several mainland Chinese companies are applying for share offerings in the city…
EV Battery Giant Eyes $4 Billion in Hong Kong Share Issue
China’s CATL, the world’s largest electric vehicle battery maker is scheduled to issue new shares on the Hong Kong stock exchange, eyeing proceeds of as much as $4 billion. This will make its issue the largest this year in Hong Kong, the Financial Times reported, citing a prospectus filed with the stock exchange. The investors that have already signed up for stock from the issue include China’s oil major CNOOC, the Kuwait Investment Authority, a…
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