CATL gauges interest for potential $5 billion HK listing
Amperex Technology Co.
CATL, as well as the giant of the Chinese electric car batteries, launched its educational meetings for investors on Tuesday, according to the conditions of the deal that Bloomberg saw. Hong Kong’s first appearance is likely to occur early in this month, as people familiar with the matter said, asking not to know it because they were not authorized to speak publicly.
The company is progressing despite US President Donald Trump’s tariff, which caused global markets. Given its scope, the success of the deal is likely to affect the investor’s confidence in the Hong Kong companies and Chinese companies, whose shares have led to the weakness of global peers amid market turmoil caused by customs tariffs.
However, Chinese companies appear to take a step by step and operate them with stock sales last month, while offers in the United States and Europe fell.
The Catl deal came after the US congress in April called for the Bank of America Corp. And Jpmorgan Chase & Co. To withdraw from working in the planned list. Both banks are still working on the offer, according to CATL documents that hear post -listed on Tuesday.
The Chinese Communist Party’s selection committee, John Molinaar, highlighted in messages addressed to the CEO of Benkin, the inclusion of the company in the Black Pentagon list in January, citing its alleged links to the Chinese army. A Catl spokesman said the allegations in messages without an advantage and the company has never participated in any military work or activities.
At a price of $ 5 billion, the world’s largest Catl menu will be since INC. From Trust Invents Invource Invource Rategance at $ 5.1 billion last year, and the largest in Hong Kong since Kuishou Technology 6.2 billion dollars in 2021, according to the data collected by Bloomberg.
Hong Kong lists raised $ 2.7 billion so far this year, according to the data that Bloomberg collected. Catl will three times this number, and other large deals such as Jiangsu Hengrui Pharmaceuticals Co. Hong Kong list revenue can increase more than $ 22 billion this year, according to Bloomberg’s intelligence estimates.
In April, Catl reported a strong set of results for the first quarter, with net income increasing at the fastest pace in nearly two years. Catl executives, a great resource for Tesla Inc. Many other large car manufacturers, the impact of American definitions as “small” and said that the company’s exposure in the United States is “very small.”
The sale of Catl shares will feed on its continuous international expansion in Europe, where a lot of money collected will be transferred to a factory capable of producing 100 Gigawatt Hock annually in Hungary to provide higher-class customers such as Mercedes-Benz. The company has a market share of about 38 %, while EV Maker Byd, which is mostly made for cells for its private cars, is the second far away in about 17 %.
Separately, the company seeks to obtain a loan of about one billion dollars to finance an investment in Indonesia, according to the people familiar with the matter.
CATL shares decreased by 12 % this year in Shenzhen, compared to a decrease in 3.4 % in the CSI 300 index.
This story was originally shown on Fortune.com
2025-05-06 05:49:00
