Caixin
Sep 29, 2022 06:32 PM
BUSINESS

CALB Prices $1.3 Billion Hong Kong IPO at Bottom of Marketed Range

The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on July 13. Photo: Bloomberg
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on July 13. Photo: Bloomberg

(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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