Tianqi Lithium, a Chinese supplier of key components in rechargeable batteries, has priced its Hong Kong share offer near the top of an expected range to raise about $1.7bn, in the city’s biggest listing this year.

The secondary listing for the Chengdu-based company, which already trades on the Shenzhen bourse, marks the first listing to raise more than $1bn in Hong Kong this year after a regulatory crackdown on China’s tech sector throttled deal flow in the first half.

The company sold 164mn shares at roughly HK$82 ($10.45) apiece, pricing at the top of an expected range, according to people familiar with the deal. Cornerstone investors included LG Chem, South Korea’s largest diversified chemical company, and the state-owned China Aviation Lithium Battery Co, a supplier for homegrown electric carmakers such as Xpeng and Geely.