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 – What to Watch Leading Into Listing Day

LG Energy Post-Listing Flow Tracking by Date: Passive Inflows & Lockup Release Outflows

LG Energy: Sector ETFs Special Rule Change & Local Active Managers' Preemptive Trading

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.

Equity Capital Markets

LG Energy Solution / Equity Capital Markets

<ul>
<li>Foreign institutions received 60% of the total institutional allocation. They only accounted for 0.58% of the orders applied. Many of these are large foreign institutions with long-term holding tendencies.</li>
<li>The fact that they rarely make lockup pledges due to internal policies is in line with LG Energy's need for an immediate float rate of 10% while having long-term investors.</li>
<li>As a result, the nominal float rate is 8.85%. quite exquisite results as it is just enough to satisfy KOSPI 200's 10% minimum float rate rule.</li>
</ul>


Foreign institutions received 60% of the total institutional allocation. They only accounted for 0.58% of the orders applied. Many of these are large foreign institutions with long-term holding tendencies.
The fact that they rarely make lockup pledges due to internal policies is in line with LG Energy's need for an immediate float rate of 10% while having long-term investors.
As a result, the nominal float rate is 8.85%. quite exquisite results as it is just enough to satisfy KOSPI 200's 10% minimum float rate rule.


LG Energy Allocation Results: Immediate Float Confirmed at 8.8%