In today’s briefing:
- LG Energy Bookbuilding: Detailed Results
LG Energy Bookbuilding: Detailed Results
- 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
