LG Energy Solution raises $10.8 billion in S.Korea's biggest IPO

FILE PHOTO: LG Energy Solution's logo is pictured on a smartphone in front of a stock graph displayed in this illustration taken, Dec. 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SYDNEY/SEOUL (Reuters) - South Korean battery maker LG Energy Solution (LGES) raised $10.8 billion in its initial public offering (IPO), attracting record demand for a deal in South Korea, the company said on Friday.

LGES shares were priced at 300,000 won each, at the top of a range announced in a regulatory filing last month, raising 12.8 trillion won ($10.76 billion). [nL1N2SS0GL]