Caixin
Jun 30, 2022 06:23 AM
BUSINESS

Tianqi Lithium Rolls Out $1.98 Billion Hong Kong Share Sale

Hong Kong’s IPO activities have been subdued so far this year.
Hong Kong’s IPO activities have been subdued so far this year.

Tianqi Lithium Corp. (002466.SZ), a Chinese supplier of lithium chemicals for electric vehicle batteries, plans to raise as much as HK$15.5 billion ($1.98 billion) in what’s set to be Hong Kong’s biggest share sale this year.

The Chengdu-based company, which is already traded in Shenzhen, plans to sell 164 million H shares at HK$69 to HK$82 each, 90% of which will be sold globally and 10% in Hong Kong, the company said Wednesday in a press release.

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