Daily BriefsECM

Equity Capital Markets: LG Energy Solution and more

In today’s briefing:

  • LG Energy IPO – The Financials

LG Energy IPO – The Financials

By Mio Kato

  • LG Energy has demonstrated the ability to rapidly grow revenue and a $27.5bn revenue target for FY24 looks reasonable enough based on current conditions. 
  • However, that growth has come with numerous issues such as recalls due to battery fires and questionable strategic positioning for the future. 
  • In addition, overall profitability metrics look challenging relative to peers such as CATL.

Before it’s here, it’s on Smartkarma