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bluesamurai

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27/01/22

12:26

Post #: 59158296
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Originally posted by bluesamurai: ↑

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

https://insideevs.com/news/554035/lg-energy-solution-ipo-approved/

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https://thedriven.io/2022/01/27/gm-and-lg-energy-commit-a3-65-billion-for-third-ultium-ev-battery-plant/

COB Price at posting: 49.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.000(0.00%)		Mkt cap ! $30.41M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	24295	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	7733	1

View Market Depth

No.	Vol.	Price($)
2	24295	0.071
5	76031	0.070
4	171254	0.069
3	108000	0.068
3	160000	0.066

Price($)	Vol.	No.
0.074	7733	1
0.075	132959	3
0.076	45116	4
0.078	125000	2
0.079	59125	2

Last trade - 11.49am 22/08/2024 (20 minute delay)

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