The Wall Street Journal: Chinese lithium producer Tianqi seeks $1.7 billion IPO in Hong Kong

United States

Tianqi Lithium Corp. , one of the world’s largest producers of battery-grade lithium compounds, said Wednesday that it plans to raise the equivalent of up to $ 1.7 billion in a Hong Kong initial public offering, braving a subdued global market for stock issuance.

Investment banks handling the transaction will start taking orders from investors on Thursday and price the deal on July 6. The lithium producer expects to list on July 13.