CATL Guides IPO Price at Top End in World's Biggest Listing of 2025

Contemporary Amperex Technology Co. Ltd. is set to raise at least $4 billion in its Hong Kong share listing by pricing it at the top end of what it indicated, according to people familiar with the matter, thanks to strong demand for the stock.

CATL, as the Chinese electric-vehicle battery maker is known, is telling investors it plans to price its shares at HK$263 apiece, the people said, asking not to be identified because the information isn’t public. That’s the maximum set when it started taking investor orders Monday. The company plans to stop taking orders Wednesday, the people said.