Kwon Young-soo, Vice Chairman of LG Energy Solution, "Will Implement Shareholder-Friendly Policies"

LG Energy Solution to List on KOSPI Market on the 27th

[Asia Economy Reporter Hwang Yoon-joo] Kwon Young-soo, Vice Chairman of LG Energy Solution, stated on the 27th, ahead of the stock market's first trading day, that "we will implement shareholder-friendly policies."

On the morning of the same day, Vice Chairman Kwon visited the Korea Exchange and said, "Shareholder-friendly policies are something we must naturally pursue."

LG Energy Solution will begin trading on the KOSPI market today. Based on the public offering price, LG Energy Solution's market capitalization is 70.2 trillion KRW. The opening price will be set within the range of 270,000 to 600,000 KRW, which is 90% to 200% of the public offering price, based on pre-market bids. A price limit of ±30% will be applied from the opening price.

If the stock achieves "ttang-sang" (opening price set at twice the public offering price followed by hitting the upper limit), the stock price on the listing day will rise 160% from the public offering price (300,000 KRW) to 780,000 KRW, allowing investors to gain a profit of 480,000 KRW per share.

In the securities industry, although there is a wide range of target price forecasts for LG Energy Solution, the overall evaluation is positive. This is because there is strong confidence in LG Energy Solution's external growth and it is showing aggressive moves in the United States, the world's largest electric vehicle market. In particular, the fact that the freely tradable shares account for only 8.85% of the total listed shares is also viewed positively, as it increases the likelihood of a short-term sharp rise in the stock price.

Meanwhile, LG Energy Solution recorded the largest scale in domestic IPO history with a subscription deposit of 114 trillion KRW and about 4.424 million subscription applications in the general subscription. In the institutional demand forecast, it gathered an unprecedented order amount in the "gyeong" unit (1,520.3 trillion KRW).