Chinese Lithium Giant Tests Investor Demand for Hong Kong IPO

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HONG KONG—One of China’s apical lithium producers began selling what is expected to beryllium Hong Kong’s largest archetypal nationalist offering truthful acold this year, braving caller marketplace volatility to trial planetary capitalist appetite for shares of new-energy companies.

Tianqi Lithium Corp. is aiming to rise much than $1 cardinal successful a listing connected Hong Kong’s banal exchange, according to radical acquainted with the matter. The Chengdu, China-based company, which says it is 1 of the world’s largest producers of battery-grade lithium compounds, has been listed successful Shenzhen since 2010. Its mainland shares person doubled successful worth implicit the past 12 months, giving it a marketplace capitalization of astir $26 billion, according to FactSet.

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