US Investors Aren't Missing Out on CATL's $5.3 Billion Listing
You might think the world's deepest pool of investment funds would feel bereft at being excluded from 2025's biggest new stock listing. That's unlikely to be the case for the American shareholders left out of Contemporary Amperex Technology Co.'s HK$41 billion ($5.3 billion) Hong Kong share sale.
The dominant maker of lithium-ion batteries, also known as CATL, has been caught up in the simmering trade war between Washington and Beijing. In January, it appeared on a Pentagon watchlist alleging ties to China's military — claims it denies. US banks including JPMorgan Chase & Co. and Bank of America Corp. have resisted pressure from Congress to not work on the pending offering, which will be structured in a way that prevents onshore US funds from taking part.
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