SYDNEY :South Korean battery maker LG Energy Solution has priced its initial public offering at the top of its indicative range, raising 12.8 trillion won , two people with direct knowledge of the matter told Reuters on Friday.
"We cannot comment on the details of pricing of our IPO at the moment and we plan to announce the pricing via regulatory filing once finalised," said a spokesperson at LGES.LGES, LG Chem Ltd's battery subsidiary, supplies Tesla Inc, General Motor Co and Volkswagen AG, among other automakers. The listing, which will take place on Jan. 27 according to term sheets, will be the biggest in the country after Samsung Life Insurance Co Ltd's 4.8 trillion won IPO in 2010.
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