|Bid||710,000.00 x 0|
|Ask||711,000.00 x 0|
|Day's range||708,000.00 - 726,000.00|
|52-week range||694,000.00 - 1,050,000.00|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||10,000.00 (1.39%)|
|Ex-dividend date||29 Dec 2020|
|1y target est||N/A|
SEOUL (Reuters) -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. "Through this IPO, we are preemptively responding to the demand for the lithium-ion battery market, which is expected to see rapid growth," LGES Chief Executive Officer Kwon Young Soo said in a statement.
(Bloomberg) -- A worldwide push toward electrification is causing a three-year wave of initial public offerings in the electric vehicle space that could raise about $100 billion until the end of 2023, according to Bank of America Corp.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateGrowing investments in the sector, spanning from batteries to charging cars,
Investors in General Motors (NYSE: GM) who have been worried about GM's massive $2 billion recall of Chevrolet Bolts for battery fires can breathe easier: GM said on Tuesday that a corporate sibling of its battery-cell supplier, LG Chem, has agreed to cover nearly all of the bill. GM had already said it is recalling and checking every Bolt ever made, and that it will replace the batteries in any vehicle that is at risk of catching fire. GM said in a statement on Tuesday that LG Electronics, another unit of Korean giant LG Group, has agreed to reimburse the automaker for "costs and expenses associated with the recall of Chevrolet Bolt EVs and EUVs due to manufacturing defects in battery modules supplied by LG," about $1.9 billion.