Chinese Battery-Equipment Maker Seeks to Raise $550 Million in Hong Kong Listing
Chinese battery-equipment maker Wuxi Lead Intelligent Equipment plans to raise approximately $550 million in a secondary offering in Hong Kong by issuing 93.6 million shares at a maximum price of HK$45.80 each. The company, which serves clients like CATL, Tesla, and Volkswagen, aims to use the funds for global R&D and expanding its product portfolio. The final offer price will be disclosed on February 10, with trading expected to start on February 11. This follows a trend of increased IPO activity in Hong Kong, with several Chinese companies preparing to list.
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