Shaky markets need careful pricing if they’re to regain their footing. China’s Tianqi Lithium on Thursday opened books for a share sale worth up to $1.7 billion in Hong Kong’s biggest deal this year. Equity offerings help set mood of the Asian financial centre but several companies including insurer FWD have delayed float plans while investors fret about the impact on growth from rising prices and China’s zero-Covid lockdowns . Initial public offerings have raised just $1.5 billion so far - a tenth of their levels last year, per Refinitiv data.
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