Chinese electric-vehicle battery maker CATL said it would raise at least $4bn in what is set to be Hong Kong’s biggest share sale and the largest listing globally so far this year.

The Chinese battery giant is planning to raise as much as US$4.0 billion in the year’s biggest listing in Hong Kong.

Chinese battery maker CATL aims to raise at least $3.99 billion in its Hong Kong listing, marking the largest new share sale in the city this year, according to Reuters. The deal could grow to $5.3 billion if the offer size adjustment and greenshoe options are exercised.