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LG Energy Solution jumps in debut to become S Korea's second-most valuable

LGES shares opened at 597,000 won versus an IPO price of 300,000 won. But the shares fell as much as 25% in early trading

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Photo: Reuters

2 min read Last Updated : Jan 27 2022 | 8:21 AM IST

LG Energy Solution Ltd (LGES) jumped in its trading debut on Thursday after South Korea's biggest-ever IPO attracted bids worth $13 trillion, making it the country's second-most valuable company.

LGES shares opened at 597,000 won versus an initial public offering (IPO) price of 300,000 won. But the shares fell as much as 25% in early trading.

LGES has become South Korea's second most-valuable company after Samsung Electronics Co Ltd with a market valuation reaching over 105.3 trillion won ($87.62 billion), even at the lowest intra-day trading level.

Spun out of LG Chem Ltd, the firm commands more than 20% of

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