Chinese battery giant CATL is expected to raise at least $5 billion in a Hong Kong listing, according to two sources with direct knowledge of the matter. CATL did not immediately respond to a request for comment from Reuters.

CATL, as the Chinese company is known, submitted its application draft with the Hong Kong stock exchange on Tuesday, following the board’s approval in December. The IPO size and timeline were not disclosed. A US$5 billion deal, as reported by Reuters, would rank as the largest since Kuaishou Technology raised US$6.2 billion in January 2021.

Contemporary Amperex Technology Co. Ltd. has filed its application for a jumbo listing in Hong Kong that could be the city’s biggest stock offering in four years.

China's largest bubble tea firm, Mixue Group, will begin bookbuilding for its Hong Kong initial public offering by the end of February to raise about $500 million, according to three sources with direct knowledge of the matter.

Chinese battery giant Contemporary Amperex Technology Co. (SZ:300750), or CATL, is reportedly preparing to file for a Hong Kong listing this week, aiming to raise at least $5 billion. According to sources cited by Reuters,