[Special Stock] LG Ensol Faces Over 1% Decline Ahead of Lock-up Release

[Asia Economy Reporter Myunghwan Lee] LG Energy Solution is declining in early trading on the 22nd. This is interpreted as concerns ahead of the release of approximately 200 million shares from lock-up scheduled for the 27th.

As of 10:16 AM today, LG Energy Solution is trading at 383,500 KRW, down 1.79% (7,000 KRW) compared to the previous trading day.

LG Energy Solution, which has been listed on the KOSPI market for about six months, will have 201.46 million shares held by institutional investors released from lock-up on the 27th. This volume is subject to a six-month mandatory holding period for institutional investors at the time of the initial public offering (IPO). Since the lock-up on shares amounting to 86% of the listed stock will be lifted and these shares may enter the market, concerns about stock price volatility are being raised.

However, there are also forecasts from the securities industry that the stock price will recover after the lock-up release. Chulhee Cho, a researcher at Korea Investment & Securities, predicted, "Once the short-term supply and demand issue of the six-month lock-up release on July 27 passes, the stock price will rise along with the recovery of the business conditions."

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