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LG Energy Solution confirms price for potentially historic IPO

World's No. 2 EV battery maker aims to raise $11bn to help meet rising demand

LG Energy Solution plans to use funds raised from its IPO for expansion to meet rising demand for electric car batteries.   © AP

SEOUL -- LG Energy Solution confirmed its initial public offering price on Friday, aiming to raise up to 12.8 trillion won ($10.8 billion) later this month on the Seoul stock exchange in what could be South Korea's biggest ever IPO.

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