Korean battery maker, LG Energy Solution, has opened the books to investors to raise to $10.8 billion in the country’s most extensive ever initial public offering (IPO), according to media reports.
The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and $10.8 billion, the term sheet showed.
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It will be the largest IPO in South Korea to date, beating the previous record held by Samsung Life Insurance’s 4.9 trillion won ($4.12 billion) IPO in 2010.
