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LG Energy Jumps in Debut After Record IPO in Korea

Mike Letterman

Jan 27, 2022, 8:47 AM
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LG Energy Jumps in Debut After Record IPO in Korea

00:00What can you tell us about the company and its forced a trading day so far.
00:07Sure. So the source Korean lithium ion battery maker is now of as you mentioned almost a 100 percent. Then means days started
00:17the trading at the almost at the below its IPO price. And this fog has now become the benchmark cost piece. The second largest
00:24this target following the Samsung Electronics. That means that traders are betting on Korea's next to business. So upbeat that
00:32E.B. Berry makers and LG Energy slowly show will be also added to the Cosby 200 index which is a very important gauge for
00:41pension funds and also passive funds to investors. So tell us about the LG Energy's outlook are investors a little
00:50worried about a bubble after this stellar debut. Yes definitely. Well LG is the world's second largest lithium
01:02ion battery maker. Following Does China see AAPL and is in partnership with lot of other automakers such as this talent.
01:11And General Motors and even Tesla. And yeah of course investors are worried about a bubble in the LG stock because you know as
01:20you measure the market Kev's one hundred billion U.S. dollars. But they are operating profit for last year. It's just one
01:27percent of the current market cap. So of course some traders are worried about the high valuation of the stock. But there there's
01:36some investors that even told me that they are worried about their aggressive investment in the Berry business because
01:42naturally in the battery business it's pretty risky one because the margin is pretty thin and is very volatile because it's a
01:51heavily dependent on the commodity market. So they said oh all of those active and aggressive investments of the H and Berry
02:01makers reminds them of the oversupply in other industries such as shipbuilding or you know this play business.

LG Energy Jumps in Debut After Record IPO in Korea

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