China's battery giant CATL hires banks for first-half Hong Kong float, sources say
Chinese battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one of the city's largest offerings in 2025, two people with knowledge of the deal said. China International Capital Corp (CICC) and China Securities Co. (CSC) have also been appointed to work on the float, the sources said, declining to be named as the information is confidential. The offering size for CATL's potential Hong Kong listing hasn't been finalised, sources said, adding it will likely be in the billions of dollars given the Shenzhen-listed company's market cap.