The mineral-exploration company priced its shares at the low end of the US$11.75 to US$12.50 range it expected last week, and its shares fell further on the first day of trading Tuesday.  But the public offering, which will also list shares in Toronto, is the biggest IPO to price on the New York Stock Exchange since mid-May. (The Logic)

Talking point: With the S&P/TSX Composite Index down more than nine per cent year to date, the company’s big raise will test investor appetite for critical-mineral deals. The company is focused on U.S. copper deposits but says it plans to “deliver the critical metals necessary for electrification of the economy.” Ivanhoe Electric’s plan to differentiate itself includes a battery technology subdivision and proprietary surveying technology. It’s led by mining magnate Robert Friedland, a Canadian and U.S. citizen who previously helped discover and develop the Voisey’s Bay mine in Newfoundland and Labrador.