CATL Gauges Interest for Potential $5 Billion HK Listing
Contemporary Amperex Technology Co. Ltd., the world's largest maker of batteries for electric vehicles, began gauging investor interest for a share sale that may fetch $5 billion and will probably be Hong Kong's biggest listing in years.
CATL, as the Chinese electric-vehicle battery giant is known, launched its investor education meetings on Tuesday, according to terms of the deal seen by Bloomberg. Though the listing date is yet to be determined, people familiar with the matter have said the company could start taking orders as soon as in May.
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