LG Energy Solution has filed for a preliminary review to list on South Korea’s exchange, the company said on Tuesday.
Once its request is approved by the Korea Exchange, the company will file a security report, conduct a demand forecast and set the share price, and open retail orders.
It is aiming to go public within 2021. South Korean analysts believe the company will go public in October.
LG Energy Solution said it will use the funds from its listing to expand its facilities to meet the increasing demand for electric car batteries.