CATL Gauges Interest for Potential $5 Billion HK Listing
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Contemporary Amperex Technology Co. Ltd., the world’s largest maker of batteries for electric vehicles, began gauging investor interest for a share sale that may fetch $5 billion and will probably be Hong Kong’s biggest listing in years.
CATL, as the Chinese electric-vehicle battery giant is known, launched its investor education meetings on Tuesday, according to terms of the deal seen by Bloomberg. The Hong Kong trading debut will likely occur as early as this month, people familiar with the matter said, asking not to be identified because they weren’t authorized to speak publicly.