EV battery maker CALB set to raise $1.47b in Hong Kong IPO

EV battery maker CALB set to raise $1.47b in Hong Kong IPO

Source: CHUTTERSNAP/Unsplash

Electric vehicle battery maker CALB Co Ltd said on Thursday it plans to raise about HK$11.56 billion ($1.47 billion) in a Hong Kong initial public offering as it looks to raise funds for the construction of battery production lines.

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