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LG Energy Solution targets $10.8 billion in IPO

by Mike Robinson

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© Reuters. FILEPHOTO: The LG Energy Solution logo is shown on a smartphone in front the stock chart in this illustration. It was taken on December 4, 2021. REUTERS/Dado Ruvic/Illustration

HONG KONG (Reuters), – Korean battery company LG Energy Solution is now open to investors for a $10.8 billion initial public offering. This, according to Reuters terms sheets.

According to the term sheet, shares of stock will be sold at a range between 257,000 and 300,000. won (between $2216.19 to $252.36) per share to raise $9.2 billion to $10.8 billion.

LG Energy Solution is expected to be worth between $51 billion and $59 billion.

($1 = 1,188.7700 won)

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