ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Markets

China's Tianqi Lithium shares ride roller-coaster Hong Kong debut

Price rebounds from over 10% fall to end flat as executives take 'longer view'

The share prices of Tianqi Lithium and Noah Holdings initially fell in their market debuts on Wednesday at the Hong Kong Exchange amid a festive ceremony that included the banging of huge gongs. (Photo by Kenji Kawase)

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more