CATL Files for Hong Kong Listing That Could Raise $5 Billion
- Chinese firm is seen driving recovery in city’s share sales
- The US last month added the battery maker to a blacklist
Earnings by CATL rose as much as 20% last year as the company tightened its grip on the EV battery market.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Contemporary Amperex Technology Co. Ltd. has filed its application for a jumbo listing in Hong Kong that could be the city’s biggest stock offering in four years.
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. The company could raise more than $5 billion, Bloomberg News reported earlier. That would be the largest since Kuaishou Technology’s $6.2 billion listing in early 2021.