Management team of CALB at a virtual media briefing on September 22. Photo: Handout
Management team of CALB at a virtual media briefing on September 22. Photo: Handout

China’s No 3 EV battery producer seeks to raise US$1.7 billion in Hong Kong IPO, likely to become the year’s third-largest share sale

  • The Jiangsu-based company said it would float 265.8 million shares at a price between HK$38 and HK$51 apiece
  • A successful fundraising by CALB would give a much-needed boost to Hong Kong’s flagging IPO market

Management team of CALB at a virtual media briefing on September 22. Photo: Handout
Management team of CALB at a virtual media briefing on September 22. Photo: Handout
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