On the first day of LG Energy Solution's listing on the KOSPI market on the 27th, it failed to achieve the so-called 'ttasang' (opening price doubling followed by hitting the upper limit), but still rose to become the second-largest company by market capitalization on the KOSPI. In terms of combined group market capitalization, LG Group surpassed SK Group to take second place. This is the first time LG Group's combined market capitalization has exceeded 200 trillion won.
On that day in the securities market, LG Energy Solution closed trading at 505,000 won, down 15.41% from the opening price of 597,000 won. Compared to the public offering price of 300,000 won, this represents a 68.3% increase. The profit per share was 205,000 won.
There were some expectations that LG Energy Solution would achieve 'ttasang'?where the opening price is set at twice the public offering price and then hits the upper limit?but this did not materialize. The opening price is determined between 8:30 and 9:00 AM by receiving bids between 90% and 200% of the public offering price of 300,000 won, and is set at the price where the sell and buy orders match.
LG Energy Solution's trading volume reached about 8.8 trillion won, which is close to 40% of the total KOSPI trading volume (approximately 20.25 trillion won). Due to the surge in initial trading volume, some securities firms' Home Trading Systems (HTS) and Mobile Trading Systems (MTS) experienced connection disruptions.
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