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Lithium Royalty Raises $109 Million in Biggest Canadian IPO Since May

  • Lithium firm’s IPO is the largest in Canada in about 10 months
  • Company holds portfolio of royalties for lithium projects
Updated on

Lithium Royalty Corp. slipped 0.6% in its Toronto Stock Exchange trading debut after raising C$150 million ($109 million) in Canada’s biggest initial public offering in 10 months.

Shares of the Toronto-based company fell to C$16.90 at 9:30 a.m. start of trading Thursday on an “if, as and when issued basis,” slightly below its IPO price. The stock was down 1.8% as of 9:45 a.m.