The prospectus sets the maximum offering price at 263 Hong Kong dollars (approximately 33.76 U.S. dollars) per share. The initial global offering includes 117,894,500 shares, with 8,842,100 shares allocated for Hong Kong and 109,052,400 shares offered internationally. Edward Au, southern region managing partner at Deloitte China, stated: “The total fundraising will be at least 4 billion U.S. dollars, potentially making it the largest IPO in Hong Kong since the listing of video sharing app Kuaishou in 2021.”
CATL specializes in the research, development, production, and sales of EV batteries and energy storage systems. The company has established six major research and development centers and 13 battery manufacturing facilities worldwide, with service networks covering 64 countries and regions. Its innovative technologies support the global transition to sustainable energy, particularly in the electric vehicle and energy storage sectors.
The Hong Kong listing marks a significant milestone for CATL, enhancing its access to international capital markets and supporting its global expansion. The substantial fundraising is expected to bolster the company’s efforts in advancing battery technology and increasing production capacity to meet growing demand for electric vehicles and renewable energy solutions.
Edward Au further noted: “CATL’s IPO reflects strong investor confidence in the new energy sector and Hong Kong’s role as a global financial hub.” The offering is poised to strengthen CATL’s position as a leader in the EV battery industry, driving innovation and sustainability in energy storage and transportation.
CATL’s extensive global presence and commitment to research position it to capitalize on the rising adoption of electric vehicles and renewable energy systems. The successful listing on the Hong Kong Stock Exchange will provide the company with resources to further its technological advancements and expand its market reach, contributing to the global shift toward cleaner energy solutions.
