LG Energy Solution moves towards IPO LG Energy Solution has applied to the Korea Exchange for preliminary approval of an IPO. The company is also taking a stake in the Australian battery materials supplier Queensland Pacific Metals (QPM). First, on the South Korean company’s stock market ambitions: preparations are in high gear at LG Energy Solution (LGES) to hit the trading floor this year. Both the company and the South Korean stock exchange have now announced the receipt of the application for approval for the stock market debut – but without going into detail about the value of the planned share issues.