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<IPO>CATL Purportedly Plans to File for HK IPO within Wks; G Sachs, M Stanley, UBS Said to Join IPO Work
Global electric vehicle (EV) battery giant CATL (300750.SZ) is pondering a filing for a Hong Kong listing as soon as this month or early March, Bloomberg reported.CATL will be purp...
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<IPO>CATL Purportedly Plans to File for HK IPO within Wks; G Sachs, M Stanley, UBS Said to Join IPO Work
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Global electric vehicle (EV) battery giant CATL (300750.SZ)  -0.270 (-0.114%)   is pondering a filing for a Hong Kong listing as soon as this month or early March, Bloomberg reported.

CATL will be purportedly listed in Hong Kong in 1H25 at the earliest, capturing more than US$5 billion, which will be the largest IPO listed in Hong Kong in recent years.

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Earlier on, CATL had remarked that, in order to further move ahead of its globalization strategy, build an international capital operation platform and enhance its comprehensive competitiveness, it plans to issue overseas listed foreign shares (H-shares) and apply for listing on the Main Board of the Stock Exchange of Hong Kong. H-share issuance this time will be mounted globally.

CATL is poised to tap Goldman Sachs, Morgan Stanley and UBS for its Hong Kong IPO, sources divulged. Bank of America, CICC, China Securities and JP Morgan are anticipated to take part in the H-share listing arrangement, people familiar with the matter had said earlier. Other banks may be involved in the process, the sources added.
(A Shares quote is delayed for at least 15 mins.)

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