China stocks edged ahead and Hong Kong shares advanced on Friday.
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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