Public listings have returned to the Hong Kong stock exchange after banks cut jobs in their equity capital markets teams.
On July 6, Tianqi Lithium, a Chinese supplier of key components in rechargeable batteries, effectively reopened the Hong Kong IPO market by raising $1.7bn, in the city’s biggest listing this year and the first $1bn plus listing since last September.
Morgan Stanley, CICC, CMB International were sponsors, global coordinators and bookrunners. BNP Paribas and Credit Suisse are global coordinators and bookrunners.