Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) soon ki Lee Journalist = LG Energy Solutions recorded the most successful IPO in the history of domestic IPOs.

According to the public announcement on the 14th, LG Energy Solution conducted demand forecasting for domestic and foreign institutional investors and confirmed the IPO price on the KOSPI at 300,000 won. This amount is at the top of the desired offering price(257,000 won to 300,000 won) per share.

A total of 1988 institutions, including 1,536 domestic institutions and 452 overseas institutions, participated in the demand forecasting. The competition ratio was 2023 to 1. This is the highest competition rate in the history of the demand forecasting for an IPO in the KOSPI.

The total order size is 1,5203 trillion won. This is also the first time that orders in units of ‘Gyeong(ten quadrillion)’ have been gathered.

In particular, all institutional investors that participated in the demand forecasting(except for some institutions that did not offer a price) offered the highest desired IPO price of 300,000 won or more per share.

The final number of shares offered by LG Energy Solutions is 42.5 million, and the total public offering size is 12.75 trillion won. The market capitalization after listing is 70.2 trillion won based on the confirmed offering price(300,000 won).

LG Energy Solutions plans to conduct public offerings for two days on the 18th and 19th of this month.

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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