LG Energy Solutions headquarters in Yeouido, Seoul. / Photo = Hankyung DB
LG Energy Solutions, which is expected to record the largest IPO in the history of domestic IPOs, will start offering shares for general investors from the 18th. It is noteworthy whether the general subscription margin will exceed 100 trillion won as the order amount exceeds 1 Kyungwon in the demand forecast for the first time in history.
According to the financial investment industry on the 18th, LG Energy Solutions will make a general subscription for 10,625,000 shares allocated to general investors out of 42.5 million shares of total public offering by the next day, KB Securities, Shinhan Financial Investment, Daishin Securities, Mirae Asset Securities, Hana Financial Investment, It is received through Shinyoung Securities and Hi Investment Securities.
The IPO price of LG Energy Solution is 300,000 won, and general investors are expected to be allocated 2 to 3 weeks by putting in 1.5 million won, which is half of the 3 million won for the minimum subscription amount of 10 weeks. Accordingly, large-scale accounts were opened at securities companies that received subscriptions for public offerings for general investors of LG Energy Solution. It is reported that the increase in the number of new account openings in the past month was 195.48% for KB Securities, 91.04% for Shinhan Investment Corp., and 332.75% for Daishin Securities.
KB Securities, the main organizer, has the largest amount of allocation with 4,869,792 shares (45.8%). Co-host Shinhan Financial Investment and Daishin Securities each secured 2434,896 shares (22.9%), and Mirae Asset Securities, Hana Financial Investment, Shinyoung Securities, and Hi Investment & Securities each secured 221,354 shares (2.1%) each.
The industry is interested in whether LG Energy Solution’s margin for public offering for general investors will exceed 100 trillion won. SK IET’s 81 trillion won is the largest amount of existing subscription margin.
In the previous demand forecast for institutional investors, the order amount reached KRW 1,5203 trillion. The competition ratio was also 2023 to 1, the highest in the history of an IPO in the stock market. 77.4% of applicants applied for a mandatory holding commitment to not sell their stocks for a certain period of time.
It is also of interest to see whether or not the opening price will be twice the IPO price immediately after being listed on the stock market on the 27th, and then record a ‘traditional’ that soars to the upper limit. If Dadasang appears, the investor who receives the public offering shares will receive a profit of 480,000 won per share on the first day of listing.
However, there is an opinion that a strong uptrend may be difficult because the estimated market capitalization based on the IPO price is 70 trillion won, which is the third largest in the securities market.
The stock market suggests that LG Energy Solution’s fair corporate value is between 100 trillion won and 120 trillion won.
By Han Kyung-woo, reporter at Hankyung.com case@hankyung.com
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