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Tianqi Lithium Raises $1.7 Billion in Year’s Biggest Hong Kong Listing

  • Battery material producer priced offering at top of range
  • Chengdu-based firm’s listing is Hong Kong’s biggest this year
Operations at the Talison Lithium Mine
Photographer: Carla Gottgens/Bloomberg
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Tianqi Lithium Corp. raised about HK$13.5 billion ($1.7 billion) after pricing its Hong Kong second listing at the top of a marketed range, cementing the Asian financial hub’s largest share sale this year.

The Shenzhen-listed supplier of the key material used in batteries sold 164.1 million shares at HK$82 apiece, according to an exchange filing on Thursday, confirming an earlier Bloomberg News report. The company had marketed the shares at HK$69 to HK$82 each.