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07 Dec
14:20

LG Energy Solution seeks $10.8 billion in South Korean IPO

LG Energy Solution plans to raise KRW 12.75 trillion ($10.8 billion) in its initial public offering in South Korea in late January, Kallanish reports. The company said in a filing on 7 December that its listing at KOSPI will fund expansion of its production capacity at the Ochang plant, as well as growth in North America, Europe and China. The proceeds will also be allocated to its next-generation battery research and development, plus product quality and process…
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