Contemporary Amperex Technology Co Ltd (CATL) is poised to hire Bank of America Corp, China International Capital Corp (CICC), CSC Financial Co, and JPMorgan Chase & Co as lead arrangers for a second listing in Hong Kong this year, Bloomberg reported on Monday, quoting people familiar with the matter.

Other banks are likely to be added for what could be one of the largest offerings in Hong Kong in recent years, the people said, asking not to be identified because the deliberations are private.

CATL, as the world’s top electric-vehicle (EV) battery maker is known, has been considering a second listing in Hong Kong as soon as the first half of this year that could help it raise at least $5 billion, Bloomberg News reported. The company’s board approved the second listing in December, pending approval from shareholders and regulators.

Considerations are ongoing, and details such as the size of any offering, line-up of banks and timeline may change, the people reportedly said.

Representatives of CATL, Bank of America and JPMorgan declined to comment, while CICC and China Securities, as CSC Financial is known, didn’t immediately respond to requests for comment, according to the report.

CATL, based in southeast China’s Fujian province and a major supplier to US-based EV maker Tesla Inc, trades on the Shenzhen Stock Exchange. The company has a market value of about $150 billion.

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