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Sales related to the lithium business historically have accounted for a much smaller part of FMC's total revenue. FMC earlier in August reported second-quarter revenue of $1.26 billion, including $1.15 billion from its agricultural products and $108 million from lithium products.

In the prospectus, FMC said it expects to end owning at least 80.1% of Livent's common stock, meaning it will remain in control.

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Livent is highly profitable, which is not always the case with companies when they go public. For the first six months of this year, it earned $70.2 million, compared with $27.6 million in the first six months of 2017.

Revenue rose to $211 million in the same period, compared with $140 million in 2017. That sales bump was thanks to higher lithium prices, particularly in lithium hydroxide and butyllithium, as well as higher volumes as a result of a new lithium hydroxide production in China and higher production in Argentina, Livent said.

And there's more to come, Livent said in the filing.

"As a result of our focus on supplying performance lithium compounds for use in the rapidly growing EV market, we expect the shares of lithium hydroxide, energy storage and Asia as percentages of our total revenue by product, application and geography, respectively, to increase," it said.

Cash from operating activities rose to $18 million in the January-to-June period, from $14 million in the same period in 2017. It rose to $58 million in all of 2017 from $51 million in 2016.

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In the prospectus, FMC said it expects to end owning at least 80.1% of Livent's common stock, meaning it will remain in control.

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