LG Energy Solution gets preliminary approval for IPO

FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul, South Korea, Oct. 16, 2020. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) - Battery maker LG Energy Solution (LGES) has received preliminary approval for what has been widely tipped to be South Korea's biggest-ever initial public offering, the Korea Exchange said on Tuesday.

A supplier to Tesla Inc, General Motor Co and Hyundai Motor Co, among others, LGES filed for a review of its IPO plans in June.