Banter and General Comments, page-91

Livent's IPO priced at $17/share

Oct. 11, 2018 4:06 AM ET|By: Yoel Minkoff, SA News Editor
Can a pure-play lithium operation stand on its own?
The IPO of Livent, which hold the lithium business of pesticides maker FMC Corp. (NYSE:FMC), has been priced at $17 per share, below a target range and giving the company a market value of $2.43B.
Shares will begin trading today on the NYSE under ticker symbol "LTHM."
The offering comes when global demand has spiked for the ultralight battery metal used in cell phones and electric vehicles.