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

Dip-Buy LG Chem on GM Recall: To What Extent Will It Be Reflected in LG ES 2Q Operating Profit?

Kakao Pay Listing Resumes Next Week, but LG Energy Solution IPO Delayed Possibly to Next Year

Kakao Pay Listing: Revision Summary & Pricing Details

LG Energy Solution KOSPI IPO: Listing Schedule & Valuation Issues

Passive Flow Estimations of Two TIGER ETFs on SK IE Tech on Rebalancing Implementation Day

WISE Battery Index Rebalancing Preview (Implementation on July 9): SK IE Tech, Ecopro HN & Soulbrain

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

LG Energy Solutions is finally going public. But, of course, the listing has been a known fact since last December, when LG Chem separated the battery business division and made LG Energy Solutions a 100% subsidiary.LG Energy Solution applied for a preliminary IPO review on June 9. A preliminary review typically takes 45 days. It then takes about 15 days for a listing applicant to publish an IPO prospectus after receiving approval. So, we should see an IPO prospectus in early August, suggesting a listing in early or mid-September.<div class="content-highlight">Then, it is necessary to look at the change in constituent stocks of ETFs containing LG Chem. In other words, among the ETFs containing LG Chem, it is necessary to know how and when to replace LG Chem with LG Energy Solution.</div>

LG Energy Solutions is finally going public. But, of course, the listing has been a known fact since last December, when LG Chem separated the battery business division and made LG Energy Solutions a 100% subsidiary.LG Energy Solution applied for a preliminary IPO review on June 9. A preliminary review typically takes 45 days. It then takes about 15 days for a listing applicant to publish an IPO prospectus after receiving approval. So, we should see an IPO prospectus in early August, suggesting a listing in early or mid-September.Then, it is necessary to look at the change in constituent stocks of ETFs containing LG Chem. In other words, among the ETFs containing LG Chem, it is necessary to know how and when to replace LG Chem with LG Energy Solution.

LG Energy Solution IPO: Local Battery Index Treatments (KRX & FnGuide Response)