Market Chatter: CATL Looks to Launch Hong Kong Share Sale on Week of May 12

MT Newswires Live05-02

Contemporary Amperex Technology (SHE:300750) is looking to launch its share sale in Hong Kong on the week of May 12, Reuters reported Wednesday, citing people with direct knowledge of the matter.

The battery giant's float in Hong Kong is seen to be the largest in the city in four years, Reuters said.

Bookbuilding is expected to begin May 12, with the sale expected to garner at least $5 billion,according to the news agency.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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