On May 27, the Chinese battery giant EV Catl collected $ 41 billion HK (approximately $ 5.23 billion) in the largest IPO of 2025 on the Hong Kong Stock Exchange.
The shares jumped 16.4% during its beginnings, Jpmorgan Chase subscribing to the agreement that propelled the scholarship to the top of the world ranking.
“The Catl Hong Kong list is an important step, not only for the company but for the wider regional market,” said Joshua Chu, a lawyer based in Hong Kong at Citd.
“The scale of the IPO, given the current macroeconomic global macroeconomics and the prudent feeling of investors in Asia, is impressive,” he added.
Advisers have also managed a complex double -list process, highlighting Hong Kong’s growing capacity to manage major strategic offers. After all, it was some of the most experienced and legal global and regional financial institutions, according to Anandaday Misshra, director of the Indian law firm Amlegals.
“It is clear that Catl relied on a deep institutional and sectoral expertise to structure an agreement of this magnitude,” added Misshra.
In addition, the Catl Hong Kong list “shows growing confidence in zero-carbon technologies and companies that build them,” Kapil Dhiman of Koranium said.
“As a business, creating secure digital infrastructure for the future, we see this as a sign that Hong Kong is ready to play a leading role in the support of daring and prospective industries,” adds Dhiman.
CATL declared a 40% increase in annual sliding of EV battery deliveries in the first quarter of the year. SNE Research, based in Seoul, suggests that it has also acquired a global market share of 38.2%.
The product of the Catl Hong Kong list would be used for the construction of factory on foreign markets – according to 30% of its total income.
“For the moment, it looks much more like a war chest. The big gain for expenses suggests that China will take new technologies anyway,” said economist Dr. Bryane Michael of Oxford University.
The IPO of CATL also reflects a broader change in world capital flows.
“While American-Chinese trade tensions facilitate, Chinese actions have rebounded, while tariff disputes and EU-EU political uncertainty continue to weigh on the US markets,” said CHU. “The mature market infrastructure of Hong Kong and the strategic positioning make it an increasingly attractive destination for international investors looking for stability and growth in Asia.”
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