Lates News

CATL has begun issuing shares in Hong Kong to investors, which is expected to become the largest IPO in the world this year. According to an announcement on Monday from the Hong Kong Stock Exchange, CATL is seeking to raise up to 41 billion Hong Kong dollars (5.3 billion US dollars). Under its initial issuance plan, it could raise as much as 31 billion Hong Kong dollars, but if the transaction size expands and additional allotment options are exercised, it could reach the aforementioned amount. The company, headquartered in Fujian, will issue shares at a price not exceeding 263 Hong Kong dollars per share, roughly equivalent to the closing price on Thursday on the Shenzhen stock market. Pricing is expected as early as Tuesday, with trading set to begin on May 20th.