Linklaters acted as the Hong Kong and US counsel for the joint sponsors and underwriters on the global offering and listing of H shares of Contemporary Amperex Technology Co., Limited (CATL) on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately US$4.6bn. This landmark listing marks not only the largest “A+H” IPO on HKEX in recent years, but also the largest IPO in Hong Kong SAR since 2021 and is the world’s largest IPO so far this year.
CATL is a globally leading innovative new energy technology company, primarily engaged in the research, development, production, and sales of EV and ESS batteries.
The Linklaters team was led by Partner and Head of Greater China ECM Christine Xu, along with capital markets partner Lipton Li, with support from corporate counsel Samson Chan and Queenie Tong.
Partner and Head of Equity Capital Markets, Greater China, Christine Xu commented:
“We are honoured to have worked on CATL’s successful listing on the HKEX, a significant global landmark in the technology sector. This achievement is a testament to the trust placed in our team’s expertise and unique experience in navigating complex cross-border transactions, including A+H listings, especially in the new economy space. We are proud to have played a role in this market-moving deal and look forward to continuing to support our clients’ ambitions and strategic priorities.”
Capital markets partner Lipton Li added:
“It has been a privilege to assist in the successful HKEX listing of CATL, a deal that highlights the dynamic growth of the technology sector and the expanding opportunities in the new economy, driven by innovation and sustainability. We are happy to leverage our team’s expertise and commercial acumen to guide clients through transformative milestones and redefine the framework for cross-border listings of large corporations.”
Linklaters’ highly experienced Greater China ECM team provides seamless legal support on pre-IPO investments, IPOs, post-listing compliance and equity financing, including recently advised on Chifeng Gold’s HKEX debut, Minieye Technology’s HKEX debut, as well as the placing of new shares for RoboSense, Laopu Gold and WEILONG Delicious.
About Linklaters LLP
Linklaters LLP is a leading global law firm, advising the world’s leading companies, financial institutions and governments on their most important and challenging transactions and assignments. We combine legal expertise with a collaborative and commercial approach to help clients navigate constantly evolving markets and regulatory environments, pursuing opportunities and managing risk worldwide. With offices in major business and financial centres, we deliver an outstanding service to our clients anywhere in the world. Our 3,100 + lawyers, located across 31 offices in 21 countries, specialise in industry sectors as well as practice areas across three divisions: Corporate; Litigation, Arbitration and Investigations; and Finance.
