By ESS News
Catl, the world’s leading battery manufacturer and an important supplier of batteries to the stationary energy storage industry, has launched a long -awaited IPO in Hong Kong.
The list, first announced In February it strives to raise between $ 4 billion and $ 5.3 billion, with revenues mainly designated to accelerate its global expansion, including in Europe. In four years it could be the largest new offer for the stock market in Hong Kong, because the $ 6.2 billion IPO from Kuaishou Technology.
The secondary list of CATL in Hong Kong follows its Shenzhen A-share list and offers more direct access to a wider international investor base and deeper global capital pools than the domestic shares. The relocation makes fundraising in foreign currency possible, the key to financing the overseas expansion, including a large battery production -factory in Debrecen, Hungary and other international projects.
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