Chinese battery giant CATL is poised to raise at least HK$31.01bn ($3.99bn) in a Hong Kong listing. The EV battery manufacturer plans to offer 117.9 million shares at a maximum price of HK$263 each. The listing could potentially swell to around $5.

By Scott Murdoch (Reuters) -Chinese battery manufacturer CATL aims to raise at least HK$31.01 billion ($3.99 billion) in its Hong Kong listing, according to its prospectus filed on Monday, the largest new share sale in the city this year.

Contemporary Amperex Technology, the world’s largest electric vehicle battery maker, started taking investor orders on Monday for a listing in Hong Kong that could raise more than HK$31 billion ($4 billion).