January 3, 2022
HONG KONG (Reuters) – Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest ever initial public offering (IPO), according to a term sheet seen by Reuters.
The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and $10.8 billion, the term sheet showed.
LG Energy Solution will be valued at $51 billion to $59 billion.
($1 = 1,188.7700 won)
(Reporting by Scott Murdoch and Joyce Lee; Editing by Himani Sarkar)