Chinese battery supplier Calb adds more banks for its $1.5bn Hong Kong IPO: Bloomberg Arab News


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RIYADH: Calb Co., a Chinese battery supplier for electric vehicle makers, has added more banks as it plans for its Hong Kong initial public offering that could raise as much as $1.5 billion, Bloomberg reported. It has selected Citigroup, Credit Suisse Group and JPMorgan Chase & Co. as joint global coordinators for its IPO, the report said citing people familiar with the matter. More banks can be picked for the deal as discussions are in progress, the people added. Calb’s $1.5 billion IPO could be one of Hong Kong’s biggest in 2022 upon its completion, according to data compiled by...