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    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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LG Energy Solution Plans to Raise Over $9 Billion in South Korean IPO

12/07/2021 | 05:08am EST

By Kwanwoo Jun

LG Energy Solution is seeking to raise over $9 billion via an initial public offering in January in South Korea to expand its business amid growing demand for electric-vehicle batteries.

The battery affiliate of South Korea's LG Chem Ltd. plans to raise at least 10.858 trillion won ($9.20 billion) by listing its shares, LG Chem said in a regulatory filing on Tuesday.

LG Energy Solution is selling 34 million new shares at between KRW257,000 and KRW300,000 each, and 8.5 million existing shares at the same price range, the filing showed.

The price range estimates the value of the South Korean EV battery supplier for Tesla Inc., General Motors Co. and Hyundai Motor Co. at KRW60 trillion to KRW70 trillion.

LG Chem said LG Energy Solution plans to use the proceeds for facility investments, working capital and stake purchases.

IPO managers will take subscription orders Jan. 18-19 before the company lists in January. Morgan Stanley International and KB Securities are advising on the planned share sale.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

12-07-21 0507ET

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Analyst Recommendations on LG CHEM, LTD.
More recommendations
Financials
Sales 2021 43 093 B 35,8 B 35,8 B
Net income 2021 3 964 B 3,29 B 3,29 B
Net Debt 2021 6 727 B 5,58 B 5,58 B
P/E ratio 2021 12,6x
Yield 2021 1,71%
Capitalization 49 027 B 40 965 M 40 692 M
EV / Sales 2021 1,29x
EV / Sales 2022 1,11x
Nbr of Employees -
Free-Float 59,6%
Chart LG CHEM, LTD.
Duration : Period :
LG Chem, Ltd. Technical Analysis Chart | A051910 | KR7051910008 | MarketScreener
Technical analysis trends LG CHEM, LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Last Close Price 664 000,00 KRW
Average target price 1 029 560,00 KRW
Spread / Average Target 55,1%
EPS Revisions
Managers and Directors
Hak Cheol Shin Vice Chairman & Chief Executive Officer
Okdong Son President
Dong-Seok Cha Chief Financial Officer & Director
Jin-Soo Park Vice Chairman
Ki-Soo No CTO & President-Executive Board
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