China Lithium Giant Said to Pick Banks for Hong Kong Listing
- Tianqi Lithium could raise over $1 billion from share sale
- Company working with CICC, Morgan Stanley, CMBI on listing
Lithium ore at a Talison Lithium Ltd. facility, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Tianqi Lithium Corp., a Chinese supplier of the key material used in batteries, has selected banks for a share offering in Hong Kong that could take place as soon as mid-2022, according to people familiar with the matter.
The company, whose shares already trade in Shenzhen, is working with China International Capital Corp., Morgan Stanley and CMB International on the proposed sale that could raise about $1 billion to $2 billion, the people said, asking not to be identified as the information is private.