CATL is expected to drive much of this year’s share-sale recovery in Hong Kong, with other mainland China-listed companies also seeking a second float in the city. The chief executive officer of Hong Kong Exchanges & Clearing. last month said about 100 companies were in the initial public offering pipeline.
Contemporary Amperex Technology Co 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 US$5 billion, Bloomberg News reported earlier. That would be the largest since Kuaishou Technology’s US$6.2 billion listing in early 2021.
