Livent Celebrates IPO and First Day of Trading on New York Stock Exchange
Livent Corporation, a leading, global, fully integrated lithium technology company, opened for trading today on the New York Stock Exchange (NYSE) after its initial public offering.
- FMC Corporation, principal shareholder of Livent Corporation, first announced its intent to establish its lithium business as a separate, publicly traded company in March 2017.
- Following the IPO, FMC expects to retain approximately 85% of Livent’s outstanding common stock.
- FMC will remain principal shareholder of Livent until it elects to distribute the remaining Livent shares to existing FMC shareholders through a spin-off or split-off, completing the full separation of Livent from FMC.
- The pricing of its initial public offering of 20,000,000 shares of its common stock at a price to the public of $17.00 per share. The shares are expected to begin trading on the New York Stock Exchange on October 11, 2018 under the symbol “LTHM.”
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