China's Ganfeng Lithium has raised $421m from its recent Hong Kong share listing. The company is the first Chinese firm to list on a major international stock exchange and it will be listed in London next year. However, Ganfeng could eventually raise up to $448m if a greenshoe option is exercised after the shares begin trading on 11 October.
China's Ganfeng Lithium has raised $421m from its recent Hong Kong share listing. Ganfeng, which has supply agreements with automakers Tesla and BMW, priced its offer at HKD16.50 ($2.11) per share, which was at the lower end of its range, reflecting depressed lithium prices. However, Ganfeng could eventually raise up to $448m if a greenshoe option is exercised after the shares begin trading on 11 October.