Chinese battery titan CATL has launched its secondary listing on the Hong Kong Stock Exchange, targeting up to $5.3 billion in fresh capital. The company is offering 117.9 million shares at a maximum price of HK$263 each, with subscription periods running May 12-15. Trading begins May 20. CATL’s Hong Kong listing comes at a discount of merely 1.43% to its Shenzhen closing price on Friday, far tighter than typical offshore offerings. Midea Group, for comparison, offered shares at a 20% discount when it raised $4 billion last year. The share allocation breaks down precisely: 109.1 million shares for institutional investors … Continue reading CATL Targets $5.3B via Hong Kong IPO to Fund 100GWh Hungary EV Battery Plant for BMW and VW