Archive — JP — japantimes
CATL starts taking investor orders for world’s biggest listing this year
Contemporary Amperex Technology Co. Ltd. (CATL) has begun taking orders for a Hong Kong stock offering aiming for up to HK$41 billion ($5.3 billion), potentially the largest listing of the year, with shares priced at a maximum of HK$263 each, set to trade from May 20.
Key points
- CATL is raising funds through a stock offering in Hong Kong.
- The maximum target is HK$41 billion ($5.3 billion), contingent on deal size increase.
- The base offering is HK$31 billion, with a greenshoe option.
- Shares are marketed at HK$263 each, slightly lower than recent Shenzhen prices.
- Pricing decisions may occur soon, with trading set to start on May 20.
Why it matters
- CATL is a key player in the electric vehicle (EV) battery market, which has seen explosive growth amid rising global EV demand.
- The offering comes at a time when investments in renewable energy and sustainable technology are gaining momentum.
- This potential listing aligns with the 2025 IT trend of increased investments in clean energy technologies.
CATL's upcoming stock offering highlights the sustained growth and investment interest in the EV sector, showcasing its importance in the global transition to sustainable energy solutions.