13 July 2022
- Liu Fang, Tianning Xiang, Sheng Chen, Hao Wu, Jefferey LeMaster
- Beijing, Hong Kong, New York, Shanghai
Clifford Chance advises on Tianqi Lithium's US$2 billion IPO and Hong Kong Listing
Leading international law firm Clifford Chance has advised the joint sponsors Morgan Stanley, CICC and CMBI, and the joint global coordinators including BNP Paribas and Credit Suisse on Tianqi Lithium Corporation's US$2 billion (after greenshoe) initial public offering and listing on the mainboard of the Hong Kong Stock Exchange. This is the largest Hong Kong IPO for 2022 thus far.
Partners Fang Liu and Tianning Xiang co-led the deal, with support from a Greater China team including counsel Sheng Chen and Hao Wu, senior associate Joy Chen and associates Ada Zheng and Yaping Li. New York partner Jefferey LeMaster provided additional US capital markets support.
Fang Liu said, "Tianqi Lithium is one of the world's largest lithium producers, and is also listed on the Shenzhen Stock Exchange. In addition to revitalising Hong Kong's attractiveness to high-growth and strategic industrial sectors as a top destination for fund raising, this IPO highlights our market-leading capital market practice and deep new energy sector expertise advising the most important companies shaping the global clean energy transition."
Clifford Chance's Greater China IPO practice regularly advises on many of Hong Kong's most significant and largest IPOs, including Bilibili's US$2.6 billion IPO and secondary listing, Kuaishou Technology's US$5.4 billion IPO and JD.com's US$3.87 billion IPO and secondary listing.