China's CATL to raise up to $4 billion in Hong Kong listing

Reuters

Sun, May 11, 2025, 3:22 PM 1 min read

(Reuters) -Chinese artillery shaper CATL aims to rise astir HK$31.01 cardinal ($3.99 billion) successful its Hong Kong listing, according to its prospectus filed connected Monday.

The shaper of batteries for electrical vehicles is selling 117.9 cardinal shares astatine a maximum connection terms of HK$263 per share, according to filings lodged with the Hong Kong Stock Exchange.

The last terms of the shares is owed to beryllium announced connected oregon earlier May 19, according to the prospectus.

There volition beryllium 109.1 cardinal shares sold to organization investors and 8.8 cardinal shares disposable for Hong Kong's retail investors to bid for, the prospectus showed.

CATL's shares volition commencement trading connected the Hong Kong Stock Exchange connected May 20.

($1 = 7.7786 Hong Kong dollars)

(Reporting by Himanshi Akhand successful Bengaluru, Scott Murdoch successful Sydney and Zoey Zhang successful Shanghai; Editing by Sumeet Chatterjee, Leslie Adler and David Gregorio)