Despite turmoil in the markets and the weakness of electric vehicle (EV) maker stocks, retail investors enthusiastically participated in the initial public offering (IPO) of LG Energy Solution.
Facing a sharp rise in raw material costs and intense competition, Korean battery manufacturers are betting big on materials with mining investments and long-term contracts and by buying into technology that can extract key elements
LG Energy Solution attracted 15.2 quadrillion won ($13 trillion) from institutional investors for what’s set to be Korea’s biggest initial public offering (IPO) scheduled for Jan. 27.
LG Energy Solution's two-day institutional investor book building closed Wednesday, with local media reporting the shares offered were more than 1,500 times over subscribed.
With scores of initial public offerings (IPO) teed up for 2022, record fund raising is being projected by analysts.
Weeks ahead of becoming a public company, LG Energy Solution insists it is destined to become the largest electric vehicle (EV) battery maker in the world.
LG Energy Solution is listing late this month in what is forecast to be a record-setting IPO that could leave the company as the second largest in Korea, after Samsung Electronics.
LG Chem's planned listing of LG Energy Solution, a wholly-owned battery-making subsidiary, is generating the wrong sort of buzz.
LG Chem and its wholly-owned battery subsidiary LG Energy Solution together acquired a 2.6-percent stake in Canadian battery recycling company Li-Cycle.
LG Energy Solution will adapt Siemens’ smart factory technology at its Ultium Cells’ factory in Tennessee, the battery company said. The two companies signed a memorandum of understanding on the partnership Tuesday.