Tianqi Lithium kicks off Hong Kong IPO, aiming to raise US$2 billion in deal that could open the valve and unleash 180 companies on the market

News Snapshot:

Tianqi Lithium, one of the world’s biggest lithium producers, will kick off its US$2 billion Hong Kong secondary listing on June 30, in what could be the city’s biggest financial deal so far this year, Tianqi plans to sell 164.12 million shares at between HK$69 and HK$82 each, potentially raising up to HK$15.7 billion (US$2 billion) at the top end of the pricing range including a 15-per cent overallotment , according to a statement by the Chengdu-based company. The retail portion of the IPO ends on July 6, and the stock will begin trading on the main board of the...