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 that brought the newly listed batterymaking stock in necktoneck competition with consumer electronics giant samsung electronics co ltd in terms of valuation lg energy is trading down 10 on friday’s trading in the korea composite stock price index or kospi see also tesla gm ev battery supplier lg energy poised to price ipo at top of range report why it matters lg energy is a whollyowned subsidiary of south korean chemical company lg chem the company raised a record 107 billion in the ipo the shares were sold at the top of the offered range the offering was also the secondlargest globally over the past one year after rivian automotive inc nasdaq rivn lg energy’s public listing follows a decision to pay gm 12 billion over the legacy automaker’s chevrolet bolt ev and bolt euv mega recall last year