Published: 11:52, May 21, 2025
CATL’s Hong Kong listing proceeds rise to $5.2 billion after greenshoe
By Agencies

Robin Zeng Yuqun, chairman of Contemporary Amperex Technology Co Ltd, gestures during the listing ceremony of CATL at the Hong Kong Stock Exchange in Central, Hong Kong, on May 20, 2025. (ADAM LAM / CHINA DAILY)

Contemporary Amperex Technology Co Ltd has raised HK$41 billion ($5.2 billion) for its Hong Kong share sale after arrangers of the deal exercised the so-called greenshoe option to increase the offering, making the world’s biggest listing this year even bigger.

The Chinese mainland electric-vehicle battery giant, commonly known as CATL, is issuing 20.3 million additional shares, representing about 15 percent of total shares issued for the listing after the upsize option, according to a filing it made to the Hong Kong exchange late Tuesday. That increases the deal size from HK$35.7 billion.

CATL, whose shares also traded in Shenzhen, surged 16 percent in its Hong Kong Special Administrative Region debut on Tuesday and rose 8 percent on Wednesday.

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The debut sets a rosy tone for other second listings of mainland companies in the SAR. Dealmakers have expected those deals to fuel much of Hong Kong’s share-sale recovery this year.