Battery-Maker’s Jumbo IPO Target Leads Wave of Auto Startup Filings in Hong Kong

(Bloomberg) — A clutch of Chinese automotive startups have filed for initial public offerings in Hong Kong, as the financial hub looks to turn the page on a disastrous first half of the year for debuts.

Four companies in the sector submitted applications for first-time share sales, according to filings with the Hong Kong exchange on Friday. Battery-maker REPT Battero Energy Co. Ltd. could be the largest, aiming to raise as much as $1 billion, Bloomberg News reported in February.