From Yahoo Finance: 2025-05-11 18:22:00

Chinese battery manufacturer CATL plans to raise $3.99 billion in its Hong Kong listing, the city’s largest share sale this year. The company is selling 117.9 million shares at a maximum price of HK$263 each, with a potential increase to $5.3 billion. Sinopec and Kuwait Investment Authority are among the investors. The shares will start trading on May 20. U.S. investors are restricted due to CATL being placed on a U.S. Defense Department list. The company is working with U.S. authorities to address the issue. Despite the U.S.-China trade war, CATL remains optimistic about its business prospects. U.S. tariffs have minimal impact on the company, which has been focusing on licensing its battery technology to American clients like Ford and Tesla.



Read more at Yahoo Finance: China’s CATL to raise at least $4 billion in Hong Kong listing