China's CATL to raise $4 billion in Hong Kong listing

The maker of batteries for electric vehicles is selling 117.9 million shares at a maximum offer price of HK$263 per share, according to filings lodged with the Hong Kong Stock Exchange. The final price of the shares is due to be announced on or before May 19, according to the prospectus. There will be 109.1 million shares sold to institutional investors and 8.8 million shares available for Hong Kong's retail investors to bid for, the prospectus showed.