China’s battery giant CATL is set to raise $4.6bn from Chinese and international investors in Hong Kong, after bankers closed its deal book on Wednesday with an offer price understood to be a top-of-the-range HK$263 (US$33.70) a share.
The share sale will be the biggest of its kind globally so far this year, in a boon for the territory after a dearth of Chinese corporate listings in recent years. Order books were oversubscribed by around 115 times, said one banker who participated in the bookbuilding.
For Robin Zeng, founder of the world’s biggest electric vehicle battery group, the secondary listing marks the culmination of a years-long effort to access foreign capital to fund plans for aggressive overseas expansion.
您已阅读10%（725字），剩余90%（6671字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。