China's CATL Plans Early Next Week Launch for HK Listing, Sources Reveal

HONG KONG/SYDNEY (Romero.my.id) – Chinese battery manufacturer CATL intends to initiate its Hong Kong IPO as soon as the following week, stated two insiders privy to the details. This would mark one of the biggest stock sales in Hong Kong within the last four years.

The process of inviting investment bids for the equity offering, often referred to as bookbuilding for this transaction, is anticipated to start either on Tuesday or Wednesday. The individuals providing this information chose to remain anonymous due to the confidential nature of the details, according to these same sources.

Romero.my.id has reported, based on sources familiar with the situation, that the offering might generate at least $5 billion.

CATL did not provide an immediate response when asked for their comments.

(Reported by Selena Li in Hong Kong and Scott Murdoch in Sydney; Edited by Sumeet Chatterjee and Jacqueline Wong)