:Tianqi Lithium shares sank 9.2 per cent in their Hong Kong debut on Wednesday, after the company raised $1.71 billion in its listing.
The shares started trading at HK$74.50 each compared to the final price set of HK$82 following the deal's bookbuild last week.Hong Kong's Hang Seng Index was up 0.5 per cent. Tianqi, which is also listed in Shenzhen and is one of the world's top producers of lithium chemicals for electric vehicle batteries, sold 164.12 million shares in the Hong Kong listing deal, according to its regulatory filings.However, the price was nearly a 50 per cent discount to where the firm's Shenzhen stock was trading during the share sale.
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