EV battery maker CATL poised to pick banks for $5B Hong Kong share sale

0
1K

Contemporary Amperex Technology Co Ltd (CATL) is poised to hire Bank of America Corp, China International Capital Corp (CICC), CSC Financial Co, and JPMorgan Chase & Co as lead arrangers for a second listing in Hong Kong this year, Bloomberg reported on Monday, quoting people familiar with the matter.

Other banks are likely to be added for what could be one of the largest offerings in Hong Kong in recent years, the people said, asking not to be identified because the deliberations are private.

CATL, as the world’s top electric-vehicle (EV) battery maker is known, has been considering a second listing in Hong Kong as soon as the first half of this year that could help it raise at least $5 billion, Bloomberg News reported. The company’s board approved the second listing in December, pending approval from shareholders and regulators.

Considerations are ongoing, and details such as the size of any offering, line-up of banks and timeline may change, the people reportedly said.

Representatives of CATL, Bank of America and JPMorgan declined to comment, while CICC and China Securities, as CSC Financial is known, didn’t immediately respond to requests for comment, according to the report.

CATL, based in southeast China’s Fujian province and a major supplier to US-based EV maker Tesla Inc, trades on the Shenzhen Stock Exchange. The company has a market value of about $150 billion.

 

#CATL #EVBatteries #HongKongListing #SustainableEnergy #TeslaSupplier

Sponsor
Zoeken
Sponsor
Categorieën
Read More
Networking
Singapore’s Sodion Energy secures MWh supply of US developed advanced sodium-ion batteries from UNIGRID
Sodion Energy, a provider of sodium-ion batteries for e-mobility and integrated energy storage...
By News Global 2025-01-15 12:59:46 0 1K
Food
Pasta Amatriciana
Pasta Amatriciana is an easy-to-make classic Roman pasta sauce that takes a step up from a simple...
By My Recipes 2024-12-13 11:53:08 0 6K
Food
Chocolate Mocha Swiss Roll
This recipe for a chocolate mocha Swiss roll is delicious any time of the year, but it makes a...
By My Recipes 2024-12-14 04:33:32 0 4K
Food
Cauliflower Tacos
These colorful cauliflower tacos are as delicious as they are pretty. With a cashew crema, they...
By My Recipes 2024-12-13 12:25:50 0 6K
Food
Cách gói bánh tét truyền thống đơn giản, nhanh nhất cho Tết 2025
Không khí ấm cúng khi cả gia đình quây quần gói...
By Life Hacks 2024-12-12 13:22:37 0 5K