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China Lithium Producer Tianqi Plans $1bn Hong Kong IPO – WSJ

Tianqi’s listing on the Hong Kong Stock Exchange could become the bourse’s biggest initial public offering this year


Asia stock markets
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1% on Monday.

 

Tianqi Lithium Corp, a company based in Chengdu in mainland China, is looking to raise about $1 billion from a listing on the Hong Kong Stock Exchange in what could be the biggest initial public offering this year, the Wall Street Journal reported.

The plans for an IPO by Tianqi, one of China’s top lithium producers, comes when Russia’s invasion of Ukraine, spiralling inflation, plus Covid outbreaks and lockdowns in China have roiled global markets and crimped demand for new stock issuances, the report added.

Read the full report: The Wall Street Journal.

 

 

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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