![](https://wp-static.smartkarma.com/../assets/uploaded/2022/07/DailyBriefECMSOCARIPOLikelytoBeDelayedandmore.png)
In today’s briefing:
- SOCAR IPO Likely to Be Delayed
- Tianqi Lithium A/H Trading – A-Shares Have Done Relatively Well, H-Shares Should Follow
SOCAR IPO Likely to Be Delayed
- After the market close today, Seoul Economic Daily reported that Socar is likely to delay its IPO to later on.
- Although Socar has not formally announced that it will delay the IPO, we believe that there is a high probability that the IPO will be postponed.
- The overall sentiment on the Socar IPO appears to be negative by many institutional investors, unless the company reduces the IPO price range substantially.
Tianqi Lithium A/H Trading – A-Shares Have Done Relatively Well, H-Shares Should Follow
- Tianqi Lithium (TL) raised around US$2bn via its H-shares listing. It undertakes mining of lithium ore and manufacturing of lithium concentrate, lithium compounds and derivatives.
- TL was the largest producer of mined lithium globally in terms of output in 2020 and ranked third in terms of revenue generated from lithium in 2020.
- In this note, we talk about the updates since our last note, along with the trading dynamics.
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