LG revs up Asia’s green-car capital engine – Reuters
- Date: 11-Jan-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
LG revs up Asia’s green-car capital engine – Reuters
HONG KONG, Jan 11 (Reuters Breakingviews) - Asia's capital markets are ready to fire on all cylinders for the electric-car boom. LG Chem (051910.KS) is starting the regional frenzy with its $10.7 billion battery spinoff. For now, investors have good reasons to go along for the ride.
LG Energy Solution's upcoming Seoul market debut puts it in pole position to be Asia's biggest initial public offering for 2022. The unit, which supplies Tesla (TSLA.O) and others, is on its way to pricing shares at the top of the range, or 300,000 won ($251), according to financial publication IFR, for a valuation of some $60 billion read more . Only $200 billion Contemporary Amperex Technology, or CATL (300750.SZ), would be a bigger pure-play battery maker.
Select Sector 
Select Country 
