Daily BriefsIPOs and Placements

Equity Capital Markets: LG Energy Solution and more

In today’s briefing:

  • Local Battery ETFs Fast Entry Rule Changes: Official Regulatory Filings
  • ECM Weekly (9th Jan 2022) – LG Energy, Hyundai Engineering, JL Mag, 2022 Pipeline, 2021 Performance

Local Battery ETFs Fast Entry Rule Changes: Official Regulatory Filings

By Sanghyun Park

  • The two largest battery-themed ETFs in Korea, TIGER (305540) and KODEX (305720), have confirmed the Fast Entry rules for IPO stocks AND spin-off companies due to equity carve-out (ECO).
  • The official application date for these rule changes is January 26th for KODEX and January 28th for TIGER. LG Energy will be subject to the new Fast Entry rules.
  • For LG Energy, 0.32% of SO will flow through KODEX, and TIGER will be 0.2%. LG Chem will experience a combined passive outflow of 1.8x ADTV for one day.

ECM Weekly (9th Jan 2022) – LG Energy, Hyundai Engineering, JL Mag, 2022 Pipeline, 2021 Performance

By Sumeet Singh


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