LG Chem's LG Energy Solution (LGES) IPO attracted huge interest and was oversubscribed at a price of 300,000 won each. In total, investors purchased 42.5 million shares or about 18.2% of the company for 12.8 trillion won ($10.76 billion).
LGES was listed on the Korea Exchange (KRX) on January 27, 2022 and the closing price after the first day was 68% above the IPO - 505,000 won ($418). It was even higher during the beginning of the day - 598,000 won ($494).
