LS Materials Submits Securities Report... Plans for KOSDAQ Listing in November

14,625,000 Shares Public Offering... Total Scale of 64.3 Billion to 80.4 Billion KRW

LS Materials announced on the 23rd that it has submitted a securities registration statement to the Financial Services Commission and plans to pursue a KOSDAQ listing next month. The listing of LS Materials is the first to be pursued in the eco-friendly business sector since LS Group separated its affiliates in 2003. It is also the second subsidiary listing of LS Cable following LS Cable Asia in 2016.

The total number of shares to be offered in this IPO is 14,625,000. The expected offering price ranges from 4,400 to 5,500 KRW, with the total anticipated offering amount between 64.3 billion and 80.4 billion KRW. LS Materials will finalize the offering price through demand forecasting from the 8th to the 14th of next month, followed by general subscription on the 17th and 20th of the same month. The listing is scheduled for the end of next month. KB Securities and Kiwoom Securities are joint lead managers.

Hong Young-ho, CEO of LS Materials, said, "LS Materials' products are used in advanced industries such as electric vehicles, robots, secondary batteries, hydrogen fuel cells, wind turbines, and ESS," adding, "We will create synergy with affiliates and develop into a core company in LS Group's carbon-neutral value chain with growth potential and stability."

LS Materials employees are producing capacitors at the LS Materials factory in Gunpo, Gyeonggi-do. /
[Photo by LS Materials]

LS Materials is the global leader in large-sized products in the ultra capacitor (UC) market, known as the 'next-generation secondary battery.' It focuses on eco-friendly energy (UC) and aluminum materials and components businesses. In February, it established a joint venture with Austria's HAI, the global number one company in aluminum parts for electric vehicles (EV). This joint venture is expected to mass-produce battery cases and other products starting in 2025, with sales projected to reach approximately 200 billion KRW by 2027.

LS Materials began research and development within LS Cable in 2002 and has supplied products to over 500 customers worldwide over 20 years. Last year, its consolidated sales increased by about 28% year-on-year to 161.9 billion KRW, driven by increased exports to North America. Operating profit was 14.4 billion KRW, and net profit was 8.4 billion KRW. The half-year performance this year recorded sales of 70.8 billion KRW, operating profit of 8.2 billion KRW, and net profit of 7.1 billion KRW.

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