In today’s briefing:
- LG Energy Solution (373220 KS) IPO: Bookbuilding Results & Implications
- ECM Weekly (16th Jan 2022) – LG Energy, Hyundai Engineering, Nippon Paint, Sunac, JL Mag, JREITs
LG Energy Solution (373220 KS) IPO: Bookbuilding Results & Implications
- The LG Energy Solution (373220 KS) IPO was oversubscribed 2,023 times. At the IPO price of KRW 300,000/share, that works out to US$11.92 trillion of bids.
- Over 77% of the shares bid for by institutions had voluntary lock-ups from 15 days to 6 months. The final allocations could have between 60-65% of the allocation locked up.
- Fast Entry to the KOSPI2, MSCI Standard and the FTSE All-World Indexes is a near certainty. Around 15% of float will be bought by these passive trackers in Feb/March.
ECM Weekly (16th Jan 2022) – LG Energy, Hyundai Engineering, Nippon Paint, Sunac, JL Mag, JREITs
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- LG Energy Solution (373220 KS) saw very strong demand for its mega US$10bn+ IPO.
- While other IPO markets were in torpor, a number of placements continued to flow in.
Before it’s here, it’s on Smartkarma
