World’s largest battery maker raises $5 billion in Hong Kong’s largest share sale of 2026
Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery maker, raised $5 billion through a Hong Kong share placement priced at HK$628.20 apiece. The deal is Hong Kong's largest share offering in 2026 so far, bringing the total value of IPOs, placements, and block trades to $31 billion.
Contemporary Amperex Technology Co. Ltd. (CATL), the world's largest battery maker, has raised $5 billion through a Hong Kong share placement. The shares were sold at HK$628.20 apiece, a 7% discount to the previous closing price. The deal is the largest share offering in Hong Kong this year, taking the total value of IPOs, placements, and block trades to $31 billion in 2026, a 73% year-on-year jump. CATL's Hong Kong shares have risen 139% since their debut, driven by demand for data center energy storage and higher oil prices. The company plans to use the proceeds for global capacity expansion, research, and development. Over 150 entities, including hedge funds and sovereign-wealth funds, placed orders for the shares.
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