 "ipo")
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country's largest ever initial public offering (IPO), according to a term sheet seen by Reuters.
The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and $10.8 billion, the term sheet showed.
It will be the largest IPO in South Korea to date, beating the previous record held by Samsung Life Insurance's 4.9 trillion won ($4.12 billion) IPO in 2010.
LG Energy Solution will be valued at $51
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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