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<blockquote data-quote="Weather Man" data-source="post: 16714314" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3784513-55b-battery-ipo-to-be-koreas-largest?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">$55b battery IPO to be Korea's largest</a></h3><p>Jan. 03, 2022 8:04 AM ET</p><ul> <li data-xf-list-type="ul">Korea's largest EV battery maker, controlling nearly 25% of the global market, has begun taking orders for an IPO that would make it Korea's largest.</li> <li data-xf-list-type="ul">With customers like GM (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>), Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>), Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>), and Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>), LG Energy Solutions is set to fetch $10b+ in the IPO at a valuation of $55b, surpassing the valuation of its parent LG Chem (<a href="https://seekingalpha.com/symbol/LGCLF" target="_blank">OTCPK:LGCLF</a>).</li> <li data-xf-list-type="ul">The IPO bookrunners will look to place 42.5m shares, with 34.0m being primary shares, and the remainder being sold by the Parent.</li> <li data-xf-list-type="ul">A portion of the proceeds will likely be used to fund a settlement with GM <a href="https://seekingalpha.com/news/3777913-lg-energy-solutions-to-go-public-at-valuation-surpassing-parent-lg-chem" target="_blank">related to defective Chevy Bolt batteries.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16714314, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3784513-55b-battery-ipo-to-be-koreas-largest?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']$55b battery IPO to be Korea's largest[/URL][/HEADING] Jan. 03, 2022 8:04 AM ET [LIST] [*]Korea's largest EV battery maker, controlling nearly 25% of the global market, has begun taking orders for an IPO that would make it Korea's largest. [*]With customers like GM (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]), Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]), Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]), and Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]), LG Energy Solutions is set to fetch $10b+ in the IPO at a valuation of $55b, surpassing the valuation of its parent LG Chem ([URL='https://seekingalpha.com/symbol/LGCLF']OTCPK:LGCLF[/URL]). [*]The IPO bookrunners will look to place 42.5m shares, with 34.0m being primary shares, and the remainder being sold by the Parent. [*]A portion of the proceeds will likely be used to fund a settlement with GM [URL='https://seekingalpha.com/news/3777913-lg-energy-solutions-to-go-public-at-valuation-surpassing-parent-lg-chem']related to defective Chevy Bolt batteries.[/URL] [/LIST] [/QUOTE]
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