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<IPO>LEAD INTELLIGENT (300450.SZ) Reportedly Picks Banks for Secondary Listing in HK, Likely Raising US$500M
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LEAD INTELLIGENT (300450.SZ), a supplier to CATL (300750.SZ) and a leading manufacturer of production equipment for automotive batteries in mainland China, has selected banks and plans to conduct a secondary listing in Hong Kong, potentially raising US$500 million, Bloomberg, citing people with the knowledge of the matter, reported. LEAD INTELLIGENT is purportedly working with CITIC SEC (06030.HK) and JP Morgan and plans to conduct a secondary listing in Hong Kong as early as 2025. More banks may join this listing afterwards. LEAD INTELLIGENT’s customers also include Panasonic, LG Chem and BYD COMPANY (01211.HK). In January, the company had revealed its plan to float in Hong Kong and had cancelled its plan to issue global depositary receipts (GDRs) in Zurich. AAStocks Financial News |
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