Livent (LTHM) IPO Opens, Trades Lower

Today's IPO for Livent Corporation (NYSE: LTHM) opened for trading earlier at $16.25 after pricing 20,000,000 shares of its common stock at a price to the public of $17.00 per share.

In addition, Livent has granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of common stock at the initial public offering price less underwriting discounts and commissions.

BofA Merrill Lynch, Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC are acting as the joint lead bookrunners for the offering. Citigroup Global Markets Inc., Loop Capital Markets LLC and Nomura Securities International, Inc. are acting as co-managers.

For more than six decades, Livent has partnered with its customers to safely and sustainably use lithium technology to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 700 people throughout the world and operates manufacturing sites in the United States, England, India, China .and Argentina

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