Calb to tap more banks for $1.5bn IPO in Hong Kong

Calb Co., a Chinese battery supplier for electric vehicle makers that has added more banks to arrange its planned Hong Kong initial public offering, which can raise as much as $1.5 billion, according to people familiar with the matter. Discussions are ongoing and more banks could be picked for the deal, the people said. Details of the offering such as size and timing could change as well, they added. Representatives for Citi, Credit Suisse and JPMorgan declined to comment, while a representative for Calb didn't immediately respond to requests for comment. The Jiangsu-based battery maker selected Citigroup Inc., Credit Suisse…