Shenzhen-listed Contemporary Amperex Technology (SHE:300750), better known as CATL, is preparing to submit documents for a secondary listing in Hong Kong by February or early March, potentially marking the city's largest offering in years, Bloomberg News reported Wednesday, citing sources familiar with the matter.
The world's largest EV battery manufacturer could raise over $5 billion in the Hong Kong listing, which may take place as soon as the first half of the year, the report said.
Bank of America, China International Capital Corp. (HKG:3908, SHA:601995), CSC Financial (HKG:6066, SHA:601066), and JPMorgan Chase are reportedly among the lead arrangers, with Goldman Sachs, Morgan Stanley, and UBS also involved. Additional banks may join in more minor roles, Bloomberg reported.
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