CATL Said to Seek at Least $4 Billion for Hong Kong Listing (1)

Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year.

The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according to the people, who asked not to be identified as the information isn’t public. These options will likely be implemented, they said, adding the process could start as early as Monday.

The maximum price of the electric-vehicle battery maker’s stock in Hong Kong will likely be equivalent ...