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LG Energy Solution taking bids from retail investors ahead of IPO next Thursday
Updated: 2022-01-18 09:52:48 KST
South Korean battery maker LG Energy Solution is going public next week… and ahead of that it's now taking deposits from retail investors.
Starting Tuesday, retail investors will have two days to bid for shares… and they're priced at about 250 U.S. dollars apiece.
The company is offering about 10 to 12 million shares to those individual investors, which is about 25 to 30 percent of the total 42.5 million shares set for the IPO.
Through the IPO next Thursday, the company plans to raise about 10.7 billion dollars and its market cap is expected to reach 59 billion, making it the third-biggest listed company on the KOSPI after Samsung Electronics and SK hynix.
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