LG Energy Solution, Demand Forecast Competition Ratio 2023:1... IPO Price Set at 300,000 KRW

[Asia Economy Reporter Park Soyeon] LG Energy Solution gathered institutional orders far exceeding 1 gyeong won (10,000 times 1 trillion won) in its demand forecast. The demand forecast competition rate also surpassed 2000 to 1, setting an all-time high.

LG Energy Solution announced the results of the demand forecast for institutional investors held on the 11th and 12th of this month on the 14th.

The public offering price was set at 300,000 won per share, the highest end of the desired offering price range (257,000 to 300,000 won).

A total of 1,988 institutions participated in the demand forecast, including 1,536 domestic institutions and 452 overseas institutions.

The competition rate was 2023 to 1, marking the highest in the history of demand forecasts for IPOs on the Korea Exchange.

The total order size amounted to 1 gyeong 5,203 trillion won.

Notably, all institutional investors who participated in the demand forecast submitted bids at or above the upper limit of the desired offering price range, 300,000 won per share.

The ratio of mandatory lock-up commitments, agreeing not to sell shares for a certain period (15 days to a maximum of 6 months), reached 77.4%.

The final number of shares offered by LG Energy Solution was 42.5 million shares, with a total offering size of 12.75 trillion won. The market capitalization after listing is 70.2 trillion won based on the confirmed offering price.

This content was produced with the assistance of AI translation services.