Reported about 13 hours ago
Chinese battery manufacturer CATL is set to raise at least HK$31.01 billion (approximately $3.99 billion) in its Hong Kong IPO, making it the largest share sale in the city this year. The company will sell 117.9 million shares at up to HK$263 each, with potential adjustments that could increase total funds raised to about $5.3 billion. Institutional investors have already committed around $2.62 billion for shares, while retail investors have 8.8 million shares available for bidding. CATL's trading starts on May 20 amidst ongoing US-China trade disputes.
Source: YAHOO