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Tianqi Lithium Ends Flat in Biggest Hong Kong Debut of 2022

  • Shares droppped as much as 11% in early trade on Wednesday
  • The stock was sold at the high end of a marketed range
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WATCH: Frank Ha, CEO of Tianqi Lithium Corp., discusses the company’s stock listing in Hong Kong, its strategy and outlook.Source: Bloomberg
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Tianqi Lithium Corp. ended flat in its debut in Hong Kong, following the largest share sale in the Asian financial hub this year.

The shares trimmed a decline of as much as 11% to finish at HK$82, the same price they were sold in an offering that raised about HK$13.5 billion ($1.7 billion). They did not trade above the listing price at any point during the session. The supplier of the key material used in batteries is also listed in Shenzhen.