China's CATL to raise at least $4 billion in Hong Kong listing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
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Source: Reuters
CATL's Hong Kong Listing: Chinese battery manufacturer CATL aims to raise at least HK$31.01 billion ($3.99 billion) in its Hong Kong listing, marking the largest global IPO of 2025, with plans to invest about 90% of the proceeds into a new factory in Hungary for electric vehicle batteries.
Investor Interest and Market Impact: The share sale has attracted over 20 cornerstone investors, including Sinopec and Kuwait Investment Authority, and CATL's shares rose 3.6% in Shenzhen following the announcement, indicating strong market interest despite ongoing U.S.-China trade tensions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
