Investors who picked up Tianqi Lithium shares in Hong Kong’s biggest initial public offering (IPO) this year are expected to see the company’s stock decline in its trading debut, judging by prices indicated in pre-market trading. The stock is expected to fetch about HK$75.50 when trading begins on Wednesday, based on grey-market prices at local brokerages on Tuesday.

Tianqi Lithium seen losing 8 per cent as Hong Kong’s biggest IPO this year suffers from valuation backlash comes via ChinaTechNews.com.