In today’s briefing:
- LG Energy: ESOP Lockup Release (3.5% of SO) & Contrarian Approach Targeting NPS
LG Energy: ESOP Lockup Release (3.5% of SO) & Contrarian Approach Targeting NPS
- The ESOP’s 3.5% stake will be released on January 27. Considering the extremely tight flow situation, this is by no means small. 3.48% is 20 times the recent ADTV.
- NPS will likely move toward a minimum stake of 6% again for LG Energy, irrespective of LG Energy’s current valuation, despite its recent selling.
- We should consider the possibility that NPS will contrarily utilize this ESOP lockup release, and we should also design a contrarian position for this lockup release.
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