The upcoming listing of a Chinese battery maker could provide a shock to Hong Kong’s lackluster initial public offering market. CALB, China’s third largest electric vehicle battery manufacturer, will continue to follow the wind of China’s electric car boom—Although rising costs and geopolitics pose risks.
CALB’s IPO could make it one of the biggest deals this year in another quiet period – media reports suggest it’s looking for $2 billion though the company has yet to disclose it. publicize how much they want to raise. However, its selling point for investors is clear: It will be pressured by the booming electric vehicle market in China and globally.
