
Chinese EV battery builder eyes Hong Kong valuation
Reports estimate that it could potentially raise billions.
Chinese electric vehicle battery maker Contemporary Amperex Technology Co., Limited (CATL) has filed for a listing in the Hong Kong exchange.
According to a bourse filing, the group has appointed Bank of America Corp, China International Capital Corp, CSC Financial Co, and JPMorgan Chase & Co as joint sponsors. Goldman Sachs Group Inc, Morgan Stanley, and UBS are also the arrangers of the deal.
Other news outlets reported that this could potentially be the biggest IPO in the last three years, with an estimated value of $5 billion.