S.Korea's LG Energy Solution sees record retail demand for IPO


FILE PHOTO: LG Energy Solution's logo is pictured on a smartphone in front of their website displayed in this illustration taken December 4, 2021. REUTERS/Dado Ruvic/Illustration

SEOUL (Reuters) -Retail investors bid for a record 114 trillion won ($96 billion) worth of shares in the IPO of South Korean battery maker LG Energy Solution (LGES), adding to the frenzy for a piece of the biggest public offering in the country.

Some 4.4 million individual investors ensured the retail portion of the initial public offering (IPO) was oversubscribed nearly 70 times at the end of the two-day bidding period on Wednesday, according LGES.

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