From Yahoo Finance: 2025-05-19 21:28:00

CATL’s shares closed 16% higher on their Hong Kong debut, raising $4.6 billion in the world’s largest listing this year. Despite market uncertainty and U.S. Department of Defense list placement, strong demand from global investors, including the U.S., surged stock prices. CATL aims to fund a Hungarian factory for European automakers.

The listing marks $7.73 billion raised in Hong Kong so far in 2025, compared to $1.05 billion last year. More than 40 A-share companies from China are eyeing Hong Kong listings for offshore expansion. CATL’s listing sponsors include CICC, JPMorgan, Bank of America, and China Securities International.

CATL’s share sale coincided with a U.S.-China trade truce, boosting momentum for the offering. The 90-day truce led to increased orders from global investors and long-only funds, despite restrictions on U.S. onshore investors. CATL holds a 38% global market share in EV batteries and remains resilient amidst trade tensions.



Read more at Yahoo Finance: CATL’s strong Hong Kong debut boosts outlook for Chinese companies’ fundraising