Dave Sebastian

Hong Kong

Asia Equity Capital Markets Reporter at Bloomberg News

Asia equity capital markets reporter at Bloomberg @business, covering IPOs and other equity offerings in the region. Retweets ≠ endorsements.

Articles

Shein Is Said to Weigh Switching IPO to HK Instead of London

1 week ago | bloomberg.com | Pei Li |Dave Sebastian

Shein bags. (Bloomberg) -- Shein Group Ltd. is considering switching its planned initial public offering to Hong Kong from London, people familiar with the matter said, representing the latest twist in the fast-fashion retailer’s turbulent pursuit of going public. Shein and its advisers have shifted focus because the approval process with Chinese regulators for its proposed London listing was dragging on, the people said, asking not to be identified because the deliberations are private.
BAT Upsizes Sale of Tobacco Maker ITC Shares to $1.5 Billion

1 week ago | bloomberg.com | Julia Fioretti |Dave Sebastian |Baiju Kalesh

British American Tobacco Plc logos sits on a glass pane at their research and development laboratories in Southampton, U.K., on Wednesday, Jan. 18, 2017. BAT, the maker of Lucky Strike and Pall Mall cigarettes, forecast earnings growth this year as it completes its purchase of Reynolds American Inc. and expands sales of a smoking alternative product across Japan to catch up with Philip Morris International Inc.
World’s Biggest Listing Gets Bigger After CATL Exercises Option

2 weeks ago | news.bloomberglaw.com | Dave Sebastian

Contemporary Amperex Technology Co. Ltd. has raised HK$41 billion ($5.2 billion) for its Hong Kong share sale after arrangers of the deal exercised the so-called greenshoe option to increase the offering, making the world’s biggest listing this year even bigger.
World’s Biggest Listing Gets Bigger After CATL Exercises Option

2 weeks ago | bloomberg.com | Dave Sebastian

CATL founder Robin Zeng at the company's listing ceremony on May 20. (Bloomberg) -- Contemporary Amperex Technology Co. Ltd. has raised HK$41 billion ($5.2 billion) for its Hong Kong share sale after arrangers of the deal exercised the so-called greenshoe option to increase the offering, making the world’s biggest listing this year even bigger.
CATL Shrugs Off US Blacklisting for Blockbuster Hong Kong Debut

2 weeks ago | bloomberg.com | Dave Sebastian |Charlotte Yang

A Pentagon blacklisting, US congressional scrutiny and a global trade war haven’t been enough to stop the world’s largest maker of electric-car batteries from completing the globe’s biggest share sale so far this year. Contemporary Amperex Technology Co. Ltd., or CATL as the Chinese battery giant is better known, is set to start trading in Hong Kong on Tuesday after raising $4.6 billion in the secondary listing.
CATL Is Said to Guide Pricing of Hong Kong Offering at Top End

3 weeks ago | news.bloomberglaw.com | Dave Sebastian |Julia Fioretti

Contemporary Amperex Technology Co. Ltd. is guiding to price its Hong Kong share sale at the top end it had earlier indicated, according to people familiar with the matter, thanks to strong demand for the stock. CATL, as the Chinese electric-vehicle battery maker is known, is indicating to price its shares at HK$263 apiece, the people said, asking not to be identified because the information isn’t public. That’s the maximum price it set when it started taking investor orders on Monday.
CATL Guides IPO Price at Top End in World's Biggest Listing of 2025

3 weeks ago | bloomberg.com | Dave Sebastian |Julia Fioretti

Attendees at the Contemporary Amperex Technology Co Ltd. (CATL) Tech Day event in Shanghai, China, on Monday, April 21, 2025. CATL, the world’s biggest producer of batteries for electric vehicles, unveiled the latest versions of its cells, playing up the durability and range of its products as the perceived limits of EVs still stop many consumers from making the switch. Photographer: Qilai Shen/Bloomberg(Bloomberg) -- Contemporary Amperex Technology Co. Ltd.
CATL Is Said to Guide Pricing of Hong Kong Offering at Top End

3 weeks ago | flipboard.com | Dave Sebastian |Julia Fioretti

16 hours agoChina’s salt battery disrupts EV balance, puts pressure on US allies in electric raceChina’s battery and tech giant CATL has shaken up the global EV industry with the unveiling of its new sodium-ion battery, in a move that could spell …10 hours agoUS Investors Aren’t Missing Out on CATL’s $5.3 Billion ListingThe company’s growth has been dazzling. That doesn’t mean it’s an unmissable investment.
Gigante chinesa começa a receber pedidos para maior IPO de 2025

3 weeks ago | bloomberg.com | Dave Sebastian

A Contemporary Amperex Technology começou a receber pedidos de investidores para uma oferta pública de ações em Hong Kong, que provavelmente será a maior listagem do mundo este ano. A CATL, como a gigante chinesa de baterias para veículos elétricos é conhecida, busca levantar até HK$ 41 bilhões (US$ 5,3 bilhões), de acordo com seu documento de listagem divulgado na segunda-feira. Isso se o negócio for ampliado e lote suplementar de ações for exercido sobre a oferta base de até HK$ 31 bilhões.
CATL Begins Taking Orders for World’s Top Listing in 2025

3 weeks ago | bloomberg.com | Dave Sebastian

A cross-section of a Contemporary Amperex Technology Co. (CATL) battery for electric vehicles on display at the Shanghai Auto Show in Shanghai, China, on April 23. (Bloomberg) -- Contemporary Amperex Technology Co. Ltd. has started taking investor orders for a Hong Kong stock offering that is likely to be the world’s biggest listing this year.