LG Energy Solution Institutional Allocation IPO... "58% Mandatory Lock-up Commitment"

[Asia Economy Reporter Hyunseok Yoo] Among the institutional investor shares allocated for LG Energy Solution's IPO, 58.3% will not be circulated immediately after listing.

According to the securities issuance performance report disclosed by LG Energy Solution on the 21st, out of the 23,375,000 shares allocated to institutions, 13,629,028 shares, equivalent to 58.3%, have committed to a lock-up period ranging from 15 days to 6 months.

Most of the shares held by domestic institutional investors are under lock-up agreements. In contrast, only 27.1% of the shares held by foreign institutional investors are subject to lock-up commitments.

By lock-up period, 6 months accounted for the largest portion with 9,960,365 shares (42.6%), followed by 3 months (1,872,911 shares, 8.0%), 1 month (1,750,471 shares, 7.5%), and 15 days (45,281 shares, 0.2%).

Based on the institutional allocation, LG Energy Solution's lock-up ratio is lower than that of large-cap stocks listed last year such as SK Bioscience (85.26%), HYBE (78.37%), Kakao Games (72.57%), SKIET (64.57%), and Kakao Bank (59.82%). However, it is higher than SK Biopharm (52.52%) and Krafton (44.91%).

The employee stock ownership subscription rate was 95.9%. The initial number of shares allocated to the employee stock ownership association was 8.5 million shares, of which 8,154,518 shares were finally allocated.