LS Group's subsidiary Essex Solutions has selected underwriters with the goal of an initial public offering (IPO) next year.

Koo Ja-eun (second from the left) is attending InterBattery 2025 at COEX in Gangnam, Seoul, on Mar. 5, and is looking around the LS ELECTRIC booth. /Courtesy of Yonhap News Agency

According to the business and investment banking sectors on the 10th, Essex Solutions has selected Mirae Asset Securities and Korea Investment & Securities as lead underwriters, and NH Investment & Securities and Samsung Securities as co-underwriters. Essex Solutions is a subsidiary of Superior Essex in the United States. The company aims to be listed on the securities market.

An LS official said, "Essex Solutions is aiming for an IPO next year, and a specific timetable has not been set."

LS ELECTRIC's subsidiary KOC Electric is also in the process of going public. KOC Electric is engaged in the transformer manufacturing business. It is reported that KOC Electric is preparing for a listing on the KOSDAQ.

LS E-Link, LS M&M, and LS EV Korea under the LS Group are also planning to go public.

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