World’s Largest Battery Maker Seeks $2 Billion In IPO, But Will Raise Only $850 Million?

By Mark Kane Contemporary Amperex Technology Ltd. (CATL), one of the biggest manufacturers of lithium-ion batteries for vehicles, would like to raise 13.1 billion yuan ($2 billion) by selling a 10% stake, at a valuation of about $20 billion. However, according to Bloomberg, after profitability weakened, the company is valuated at just $8.5 …read more

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