According to insiders, the Chinese battery manufacturer CATL plans to raise at least five billion dollars with an IPO in Hong Kong. The company, which is already listed in Shenzhen, China, could apply for the additional listing as early as Wednesday, two people familiar with the matter told Reuters news agency. The transaction would be the largest IPO in Hong Kong since 2021 when TikTok’s competitor Kuaishou raised 6.2 billion dollars.