{"id":454727,"date":"2021-12-08T08:45:19","date_gmt":"2021-12-08T03:15:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454727"},"modified":"2021-12-08T09:45:55","modified_gmt":"2021-12-08T04:15:55","slug":"lg-energys-10-87-bn-offering-eyes-to-break-samsung-lifes-record","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lg-energys-10-87-bn-offering-eyes-to-break-samsung-lifes-record\/","title":{"rendered":"LG Energy&#8217;s $10.87-bn offering eyes to break Samsung Life&#8217;s record"},"content":{"rendered":"<p>LG Energy Solution may raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea\u2019s biggest initial public offering. Even at the low end of its price range, the company looks set to top the country\u2019s largest listing to date, Samsung Life Insurance\u2019s 4.9-trillion-won offering in 2010.<\/p>\n<p>\u201cThrough this IPO, we are preemptively responding to the demand for the lithium-ion battery market, which is expected to see rapid growth,\u201d LG Energy\u2019s Chief Executive Officer Kwon Young Soo said in a statement. It expects to offer 34 million new shares at 257,000-300,000 won apiece, it said. The parent company, LG Chem, plans to offer 8.5 million existing shares in the same price range.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LG Energy Solution may raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea\u2019s biggest initial public offering. Even at the low end of its price range, the company looks set to top the country\u2019s largest listing to date, Samsung Life Insurance\u2019s 4.9-trillion-won offering in 2010. \u201cThrough this IPO, we are preemptively responding to the demand for the lithium-ion battery market, which is expected to see rapid growth,\u201d LG Energy\u2019s Chief Executive Officer Kwon Young Soo said in a statement. It expects to offer 34 million new shares at 257,000-300,000 won apiece, it said. The parent [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-454727","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=454727"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454727\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}