S Korea's LG Energy Solution opens books to investors to raise up to $10.8b
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country's largest IPO.
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Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country's largest IPO.
Even at the low end of its pricing range, LG looks set to top the country's largest listing to date.
The market's growth is hampered by the volatility of raw material availability and prices. The market is expected to grow as the number of applications available expands.
A supplier to Tesla Inc, General Motor Co and Hyundai Motor Co, among others, LGES filed for a review of its IPO plans in June.
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