CATL considers secondary listing in Hong Kong

According to people familiar with the matter, CATL is considering a secondary listing in Hong Kong, which could raise at least $5 billion, which could become the largest listing in Hong Kong since 2021. CATL is communicating with potential advisers and could go public as early as the first half of 2025. If the financing scale is $5 billion, it will exceed the $4.6 billion listing of Midea Group in September and become the largest Hong Kong stock issuance transaction since Kuaishou Technology raised $6.2 billion in early 2021.