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IPO

LG Energy Solution unveils plan for South Korea's biggest IPO

World's No. 2 EV battery maker aims to raise $11bn to expand capacity

South Korea's LG Energy Solution sees promise in booming demand for electric vehicle batteries.   © Reuters

SEOUL -- LG Energy Solution unveiled an ambitious plan for its initial public offering, aiming to raise up to 12.8 trillion won ($10.9 billion) next month on the Seoul stock market as global demand for electric vehicle batteries increases sharply.

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