CALB Prices $1.3 Billion Hong Kong IPO at Bottom of Marketed Range
(Bloomberg) — CALB Co. Ltd., a Chinese battery supplier for electric-vehicle makers, has raised about HK$10.1 billion ($1.3 billion) after pricing its Hong Kong initial public offering at the bottom of its marketed range, according to terms of the deal seen by Bloomberg News.
The Jiangsu-based company has priced the offering at HK$38 per share, according to the terms. The firm marketed about 265.8 million shares at HK$38 to HK$51 each. An external representative for CALB declined to comment.
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