Overview

• CATL's shares debuted at HKD 296, a 12.5% premium over the offer price of HKD 263, reflecting strong investor interest.
• The IPO raised $4.6 billion through the sale of 135.6 million shares, marking the largest listing in Hong Kong this year.
• Proceeds will fund new battery manufacturing facilities in Germany, Hungary, and Spain, with additional expansion under consideration to address growing market demand.
• CATL, which holds a 36.8% share of the global EV battery market, supplies major automakers including Tesla, Volkswagen, and Mercedes-Benz.
• The successful IPO signals renewed confidence in Chinese technology companies and the Hong Kong exchange's recovery following a two-year slowdown.