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Tesla, GM EV Battery Supplier LG Energy Poised to Price IPO At Top of Range: Report

Tesla, GM EV Battery Supplier LG Energy Poised to Price IPO At Top of Range: Report

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General Motors Co’s (NYSE: GM) South Korean battery supplier LG Energy Solution is expected to price its shares at the top of the marketed range in the upcoming listing, Bloomberg reported, citing people familiar with the matter. What Happened: LG Energy, which also supplies batteries to Tesla Inc (NASDAQ: TSLA) and Ford Motor Co (NYSE: F), is issuing 34 million shares in a price range of KRW 257,000 to KRW 300,000 ($214 to $250).

...read full article on Benzinga

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