Livent's IPO expected to raise $340 million

摘要

Livent Corp. (Philadelphia), the lithium spin-off of FMC, on Wednesday announced the pricing of its initial public offering (IPO) of 20 million common stock shares at a price of $17.00 per share. The company, which is to begin trading on the New York Stock Exchange today, is expected to raise $340 million before expenses. The offering is expected to close on 15 October 2018, subject to customary closing conditions.