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Benzinga
Benzinga
Business
Rachit Vats

Tesla, GM EV Battery Supplier LG Energy Became South Korea's No. 2 Firm After Blockbuster IPO — Next Only To Samsung

Tesla Inc (NASDAQ:TSLA) and General Motors Corp (NYSE:GM) South Korean battery supplier LG Energy’s shares jumped higher on its trading debut following a blockbuster initial public offering and the country’s biggest on record, Reuters reported.

What Happened: Shares of the company soared 68% above the IPO price in trading debut to reach a $98 billion market cap.

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