CATL enjoys bumper listing on HKEX

Shenzhen-headquartered electric vehicle battery firm Contemporary Amperex Technology Co., Limited known as CATL has raised HK$35.33 billion $4.5 billion of net proceeds at HK$263 a share for the listing of H shares, according to a filing on the Hong Kong Stock Exchange HKEX.

The oversubscribed lisiting is the largest initial public offering IPO in Hong Kong since 2021 and is the world’s largest IPO so far this year. Chinese appliance maker Midea listed on the HKEX last year raising $4 billion.

CATL is a global new energy technology company, primarily engaged in the research, development, production, and sales of electric vehicle EV and energy...