LG Energy Solution IPO Price Set at Upper Limit of 300,000 KRW... Maximum Offering Amount Reaches 10 Trillion KRW

Scheduled for Listing on January 27

[Asia Economy Reporter Hwang Yoon-joo] LG Energy Solution, considered the largest IPO candidate next year, has proposed a public offering size of up to 10 trillion won.

LG Energy Solution announced on the 7th that it has decided to conduct a paid-in capital increase through a general public offering.

The public offering consists of 34 million new shares, with a desired price range of 257,000 won to 300,000 won per share. Accordingly, the expected public offering amount ranges from a minimum of 8.738 trillion won to a maximum of 10.2 trillion won.

LG Energy Solution plans to accept general subscriptions on the 18th and 19th of next month and list on the 27th of the same month. The lead underwriters are KB Securities and Morgan Stanley.