Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

LG Energy IPO: Great Pre-Order Success, but Still Worrying Aspects

LG Energy Solution: Index Float Estimations & Immediate Flow Crunch Possibilities

LG Energy: Listing Date (Jan 27) & Passive Flow by Date (KS200, MSCI Std, & FTSE AW)

LG Energy Solution IPO: Offering Details & Issues for Consideration

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>LG Energy's listing will significantly impact the local battery sector indexes. Since the market cap is at least ₩60T, LG Energy's index weight will immediately approach the cap when included.</li>
<li>The stock with the most considerable passive flow impact following the inclusion of LG Energy would be none other than LG Chem.</li>
<li>LG Chem's passive outflow estimated based on the current index weight for each index is about 3.26x of ADTV, representing 1.06% of SO and 1.63% of float shares.</li>
</ul>


LG Energy's listing will significantly impact the local battery sector indexes. Since the market cap is at least ₩60T, LG Energy's index weight will immediately approach the cap when included.
The stock with the most considerable passive flow impact following the inclusion of LG Energy would be none other than LG Chem.
LG Chem's passive outflow estimated based on the current index weight for each index is about 3.26x of ADTV, representing 1.06% of SO and 1.63% of float shares.


LG Chem: Passive Outflow from Local Battery Sector Indexes

LG Chem Ltd

LG Chem: Passive Outflow from Local Battery Sector Indexes