LG Energy Solutions IPO January.

The IPO has been known for some time. In December 2020, LG Chem established the wholly-owned subsidiary - LG Energy Solution - assigning it to its battery business.According to Bloomberg, LG Energy Solution intends to issue 34 million new shares at a price between 257,000 won and 300,000 won each ($217-$254), which will be 8.74-10.2 trillion won ($7.4-8.64 billion).Additionally, the parent company (LG Chem) intends to sell 8.5 million existing shares, so the total would be 42.5 million shares, potentially offered for up to 12.75 trillion won ($9.25-$10.8 billion).The market cap of LG Energy Solution might be 70 trillion won ($59 billion) at the IPO, which means - as we understand - that the IPO concerns 18.3% of the company ($10.8 billion out of $59 billion). The remaining 81.7% would be directly in the hands of LG Chem. QUOTE
COB’s close ties its partner with support from the South Korean Government is a strong part in the company’s future along with all of the other partners assessing their involvement IMO

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