Deals

Why CATL Chose Faster Settlement for $5 Billion Share Sale

CATL raised $5 billion in a Hong Kong share placement with a two-day settlement - faster than usual for the city.

Attendees at the Contemporary Amperex Technology Co. Ltd. (CATL) Tech Day in Beijing, China, on Tuesday, April 21, 2026. China’s technology and battery stocks have been on a blistering rally, with the ChiNext Index up 87% over the past year and recently reaching an 11-year high.Photographer: Qilai Shen/Bloomberg

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By Julia Fioretti

April 29, 2026 at 2:03 PM UTC

This article is for subscribers only.

Hi, it’s Julia Fioretti in Hong Kong, looking into how top battery maker CATL opted for a much shorter-than-usual settlement period for its $5 billion share sale. Also today, one of the biggest ever private equity exits in Europe.

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