LG Energy Solution Debuts in US$10.7 Billion IPO
Seoul – Paul Hastings LLP, a leading global law firm, announced today that it has advised LG Energy Solution on its US$10.7 billion global offering and listing on the Korea Exchange. This record-setting listing is the largest IPO in South Korean capital markets to date. Morgan Stanley and KB Securities acted as the joint lead managers.
LG Energy Solution is one of the world’s leading battery manufacturers, producing batteries for electric vehicles, IT devices and energy storage systems.
Paul Hastings has a proven track record in Korea practice and has advised on multiple landmark equity capital markets transactions. Over the past twelve months, Paul Hastings represented issuer in four of the IPOs and the underwriters in three of the IPOs.
- Krafton’s US$3.8 billion IPO;
- KakaoBank’s US$2.2 billion IPO;
- SK ie technology’s US$2 billion IPO;
- Kakaopay’s US$1.3 billion IPO;
- Hyundai Heavy Industries’ US$923 million IPO;
- HK inno.N’s US$523 million IPO; and
- K Car’s US$283 million IPO
The Paul Hastings team was led by Dong Chul Kim, partner and chair of the Seoul office, with support from associate Eun Ju Lee and corporate attorney David Park.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.