CATL plans to conduct an IPO in Hong Kong. Here are the relevant situations:
Listing process:
On December 26, 2024, CATL announced its intention to issue overseas listed foreign shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange.
On February 11, 2025, CATL submitted its prospectus to the Hong Kong Stock Exchange.
On March 25, 2025, CATL received the "Notice on the Overseas Issuance and Listing Filing of CATL New Energy Technology Co., Ltd." issued by the China Securities Regulatory Commission, marking the smooth progress of the company's Hong Kong stock listing process and entering the review stage of the Hong Kong Stock Exchange. According to the rules of the Hong Kong Stock Exchange, the review cycle is usually 3-6 months, and it is expected to be listed in the third quarter of 2025.
Issuance scale: The company plans to issue no more than approximately 220.1697 million shares of overseas listed common stock, with a fundraising scale of up to 5 billion US dollars (approximately 36.5 billion yuan), which is expected to become one of the largest projects in Hong Kong stock market in recent years.
Sponsors: Sponsors and overall coordinators include China International Capital Corporation Hong Kong Securities Limited, CITIC Securities (International) Financing Limited, J.P. Morgan Securities (Asia Pacific) Limited, Merrill Lynch (Asia Pacific) Limited, etc; The overall coordinator includes Goldman Sachs (Asia) Limited, Morgan Stanley Asia Limited, UBS AG Hong Kong Branch, etc.
Listing purpose: The funds raised from this Hong Kong stock listing will be mainly used for overseas capacity expansion, international business expansion, and overseas operating capital supplementation, providing financial support for the company's long-term internationalization strategy.
As a globally leading new energy innovation technology company, CATL mainly engages in the research and development, production, and sales of power batteries and energy storage batteries. Against the backdrop of the rapid development of the global new energy industry, this listing in Hong Kong will further enhance its brand influence in the international market, enhance its global competitiveness, and help it better achieve its global strategic layout.