Battery-Maker CALB Wins Nod for $2 Billion Hong Kong IPO

(Bloomberg) — CALB Co. Ltd., a Chinese battery supplier for electric-vehicle makers, has received approval from the Hong Kong stock exchange for an initial public offering, according to people familiar with the matter.

The Jiangsu-based company received the green light following a hearing Thursday with the Hong Kong bourse’s listing committee, according to the people, who asked not to be identified because the information is private. It plans to start gauging investor demand for the offering as soon as next week, the people said.