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LG Energy Solution IPO brings record fees
LG Energy Solution IPO brings record fees
MarketsJan 20, 2022
An 11-member brokerage syndicate underwriting an initial public offering of LG Energy Solution next week is expected to raise a whopping 89 billion won ($75 million) in management fees following the record-breaking retail bids, made on Tuesday and Wednesday, according to regulatory filings on Thursday. The fees account for 0.7 percent of 12.7 trillion won. The electric vehicle battery maker is expected to raise from 42.5 million shares priced at 300,000 won apiece. Separately, they are expected