• Shares of China battery giant CATL soared more than 13 per cent in its Hong Kong debut on Tuesday (May 20) after the company raised US$4.6 billion in what is said to be the world's biggest initial public offering this year.
• CATL produces more than a third of all electric vehicle batteries sold worldwide and works with major brands including Tesla, Mercedes-Benz, BMW and Volkswagen.
• The institutional tranche of the Hong Kong deal was oversubscribed 15.2 times, according to CATL's filings, while the retail portion was 151 times oversubscribed.

Link: https://www.channelnewsasia.com/business/catl-china-battery-giant-ev-hong-kong-ipo-5140846