Battery giant poised to file for jumbo listing

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CATL could raise more than US$5 billion in the IPO. REUTERS
CATL could raise more than US$5 billion in the IPO. REUTERS

Bloomberg

Contemporary Amperex Technology is considering filing its application for its jumbo Hong Kong listing as soon as this month or early March, people familiar with the matter said.

The Shenzhen-listed firm's Hong Kong float could raise more than US$5 billion (HK$39 billion) as soon as the first half of 2025, Bloomberg News has reported, in what would be the biggest listing in the city in recent years.

CATL, as the world's top electric-vehicle battery maker is known, is set to add Goldman Sachs, Morgan Stanley and UBS to the roster of banks arranging the offering, the people said.

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