LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea’s biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries.
Even at the low end of its pricing range, LG looks set to top the country’s largest listing to date, Samsung Life Insurance’s 4.9 trillion won IPO in 2010.
