CATL Lists On Hong Kong Stock Exchange, Raises HKD 35.5 Bn

By Chitrika Grover/ Updated On Fri, May 23rd, 2025

Highlights :

CATL’s HK IPO took only 128 days from kick-off to completion, with a zero discount to the A-share closing price on the day of setting the price cap.
On its first day of trading, the stock opened strong on its debut, with an opening price of HKD 296 per share, representing a 12.55% increase from the offering price.

CATL Lists on Hong Kong Stock Exchange, Raises HKD 35.5 Bn

China’s CATL, a global leader in battery manufacturing, was recently listed on the Hong Kong Stock Exchange (HKEX) under ticker 3750, marking the first A-share company to seek a secondary listing in Hong Kong with a price cap.

The company offered 135 million shares before the greenshoe option at HKD 263 each. The initial public offering (IPO) was completed in just 128 days, with no discount relative to the A-share closing price at pricing. On its debut, CATL’s shares surged 12.55%, opening at HKD 296.

The IPO attracted investors from 15 countries, including sovereign wealth funds, institutional and insurance capital, and multi-strategy funds, reflecting confidence in CATL’s value and the growing market for zero-carbon technologies. The Chinese storage leader has been on a huge push to establish its strong leadership across segments, including different battery technologies like Sodium Ion, where it has already launched commercial products.

“CATL is not just a battery manufacturer but a system solution provider committed to advancing the zero-carbon economy,” said Chairman and CEO Robin Zeng at the listing ceremony. “This listing deepens our integration into global capital markets and marks a new milestone in our mission.”

CATL’s zero-carbon ambitions focus on three key sectors:

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Zero-Carbon Transportation:
CATL leads in battery swapping solutions, vehicle-to-battery separation, and battery standardization. It recently launched standardized battery-swap solutions for heavy-duty trucks in Shanxi province, aiming to build a nationwide battery-swap network covering 80% of China’s key logistics routes by 2030. In the passenger vehicle segment, the company formed the “Choco-Swap Alliance” to expand battery swapping.

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Zero-Carbon Electricity:
CATL is investing in grid technologies such as power electronics, flexible regulation, and virtual power plants to build resilient zero-carbon power systems benefiting households and businesses.
Global Industrial Decarbonization:
With over RMB 70 billion (USD 10 billion) invested in R&D over the past decade and more than 43,000 patents granted or pending worldwide, CATL operates six global research centers. Innovation remains central to the company’s drive to develop zero-carbon technologies and support the global energy transition.