HONG KONG -- Share of Tianqi Lithium, one of the largest miners of the key mineral used for electric batteries and various other kinds of new energy storage, pared sharp early losses in their debut on the Hong Kong Exchange on Wednesday after raking in $1.66 billion in the city's biggest new issuance this year.
Tianqi's stock price dipped as low as 72.65 Hong Kong dollars, or 11.4% below the offering price of HK$82, which was set at the highest point of the range prior to the listing. But the stock bounced back to close flat at the offer price of HK$82.
