Energy storage ipo concept

How many energy IPOs are there?

This year, a record nearly 400 traditional IPOs and an additional 600 special-purpose acquisition companies (SPACs) listed on the markets. Total deal value for traditional IPOs clocked in at $153.5B while SPACs fetched $162.3B, both record highs. Unfortunately, the same cannot be said about the energy sector.

What is LG Energy Solution's IPO worth?

LGES is one of the world's top electric vehicle (EV) battery makers, supplying the likes of Tesla (NASDAQ:TSLA) and General Motors Co (NYSE:GM). LG Energy Solution applied for preliminary approval of an IPO that publication IFR says could fetch $10 billion-$12 billion, easily South Korea's biggest-ever listing.

Will energy storage systems help a stable power supply?

Dirk Engel, CFO of INTILION, says: “As electrification progresses and the share of renewable energies increases at the same time, energy storage systems will play a crucial role in ensuring a stable power supply.

What are energy storage solutions?

The energy storage solutions are used by commercial and industrial customers as well as utilities and grid operators to stabilise electricity grids, reduce grid expansion costs and peak loads, ensure security of supply and increase the efficiency of the integration of renewable energies.

What is the potential size of the lges IPO?

IFR reported the potential size earlier in June, citing people close to the deal. LGES says the IPO was planned for 2021, although the company is yet to confirm or deny the IPO size. A $10 billion IPO would be more than double the 2010 IPO of Samsung Life Insurance, which was valued at 4.9 trillion won ($4.39 billion).

Will LG Energy Solution's IPO be South Korea's biggest ever listing?

LG Energy Solution applied for preliminary approval of an IPO that publication IFR says could fetch $10 billion-$12 billion, easily South Korea's biggest-ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size.