Daily BriefsECM

Equity Capital Markets: LG Energy Solution and more

In today’s briefing:

  • LG Energy Bookbuilding: Detailed Results

LG Energy Bookbuilding: Detailed Results

By Sanghyun Park

  • This IPO led to unusually high interest from local active funds. This is evidenced by the order volume
  • Nevertheless, many local institutions must have felt burdened with LG Energy’s valuation, so they wanted to avoid setting the offering price above the upper end.
  • As for the relatively poor lockup result, the issuer’s refusal to incentivize lockup to set the float rate to around 10% may also have played a part.

Before it’s here, it’s on Smartkarma