Reuters cited sources indicating that Contemporary Amperex Technology, the leading automotive Battery producer from Fujian on GEM, plans to initiate its listing process in Hong Kong as early as next week, raising at least 5 billion USD (approximately 39 billion HKD), which will be the largest IPO in Hong Kong since Kuaishou's listing in 2021. The report states that the book-building process for Contemporary Amperex Technology, inviting investors to bid for the Stock issuance, is expected to begin next Tuesday (May 6) or Wednesday (May 7).
Contemporary Amperex Technology is expected to launch its Hong Kong listing procedures as soon as next week, raising at least 39 billion Hong Kong dollars.
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