Contemporary Amperex Technology (SHE:300750) or CATL is mulling a secondary listing in Hong Kong that could take place as early as the first half of 2025, , Bloomberg News reported Thursday, citing people familiar with the matter.
CATL could raise at least $5 billion from the potential offering that could be the largest since 2021, Bloomberg said.
The world's largest battery manufacturer is still in negotiations with possible advisers, while deliberations are ongoing, the report said.
The Hong Kong listing will also require approval from the Chinese securities regulator, the report said.
CATL did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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