{"id":464004,"date":"2022-01-27T08:54:08","date_gmt":"2022-01-27T03:24:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=464004"},"modified":"2022-01-27T09:58:51","modified_gmt":"2022-01-27T04:28:51","slug":"lg-energy-solution-jumps-in-debut-to-become-s-koreas-second-most-valuable","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lg-energy-solution-jumps-in-debut-to-become-s-koreas-second-most-valuable\/","title":{"rendered":"LG Energy Solution jumps in debut to become S Korea&#8217;s second-most valuable"},"content":{"rendered":"<p>LG Energy Solution Ltd (LGES) jumped in its trading debut on Thursday after South Korea&#8217;s biggest-ever IPO attracted bids worth $13 trillion, making it the country&#8217;s second-most valuable company. <\/p>\n<p>LGES shares opened at 597,000 won versus an initial public offering (IPO) price of 300,000 won. But the shares fell as much as 25% in early trading. <\/p>\n<p>LGES has become South Korea&#8217;s second most-valuable company after Samsung Electronics Co Ltd with a market valuation reaching over 105.3 trillion won ($87.62 billion), even at the lowest intra-day trading level. <\/p>\n<p>Spun out of LG Chem Ltd, the firm commands more than 20% of the global electric vehicle (EV) battery market. It supplies Tesla Inc, General Motors Co and Volkswagen AG among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LG Energy Solution Ltd (LGES) jumped in its trading debut on Thursday after South Korea&#8217;s biggest-ever IPO attracted bids worth $13 trillion, making it the country&#8217;s second-most valuable company. LGES shares opened at 597,000 won versus an initial public offering (IPO) price of 300,000 won. But the shares fell as much as 25% in early trading. LGES has become South Korea&#8217;s second most-valuable company after Samsung Electronics Co Ltd with a market valuation reaching over 105.3 trillion won ($87.62 billion), even at the lowest intra-day trading level. Spun out of LG Chem Ltd, the firm commands more than 20% of [&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-464004","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\/464004","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=464004"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/464004\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=464004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=464004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=464004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}