The Seoul-based company says it plans to use the majority of the proceeds it raised to expand production capacity to keep pace with rising demand for electric vehicles
The stock closed at 505,000 won on the Korea Exchange, 68% above its initial public offering price of 300,000 won. LG Energy Solution currently has a market capitalization of 118 trillion won , making it the second-largest listed company in Korea, after Samsung Electronics.
LG Energy Solution raised 12.75 trillion won in its float, more than double the previous record set in 2010 by Samsung Life Insurance. The Seoul-based company says it plans to use the majority of the proceeds to expand production capacity to keep pace with rising demand for electric vehicles. LG Energy Solution
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Experts Say Nuclear Energy as Climate Solution Is Total 'Fiction''The reality is nuclear is neither clean, safe, or smart; but a very complex technology with the potential to cause significant harm,' say four global experts.
Weiterlesen »
Tesla Supplier LG Energy Hits $99 Billion Valuation on Trading DebutShares in LG Energy Solution jumped 68% on their first day of trading, after the world’s No. 2 maker of electric-vehicle batteries raised about $10.6 billion in South Korea’s largest-ever initial public offering.
Weiterlesen »
Clean Energy Corps hiring for largest Energy Dept. expansion, modeled on Green New Deal proposalThe Energy Department will have its largest bureaucratic expansion since it was established in 1977, using $62 billion from the Bipartisan Infrastructure Law to create a Clean Energy Corps.
Weiterlesen »
IBM Adds LG Electronics To Its Massive 170+ Member IBM Quantum NetworkSenior Analyst, AI & Quantum Computing, Paul Smith-Goodson dives in as IBM recently announced the membership of LG Electronics in the IBM Quantum Network.
Weiterlesen »
China's Xi says country's low carbon push must guarantee energy, food securityChina's ambitious low-carbon goals should not come at the expense of energy and food security or the 'normal life' of ordinary people, President Xi Jinping said, signalling a more cautious approach to climate change as the economy slows.
Weiterlesen »
Americans get another $100 million in federal aid for soaring home energy costsStruggling Americans are getting some more help to pay their home heating bills, which have skyrocketed for many this winter. The Department of Health and Human Services is adding $100 million to the Low Income Home Energy Assistance Program, which helps families afford heating and cooling.
Weiterlesen »