SK Innovation's battery subsidiary plans to attract 300 billion won investment
- FTT Creations
- Sep 22, 2020
- 1 min read
SK IE Technology (IET), a subsidiary of SK Innovation's battery separator (LiBS), plans to raise 300 billion won in pre-IPO (pre-listed company investment). According to the industry on the Sept. 22nd statement, SK IET decided to receive an investment of 300 billion won from domestic venture capital (VC) Premier Partners. SK Innovation plans to hold a board of directors meeting on the afternoon of the 23rd and approve related investment attraction agenda.
SK IET is a company that was established after the division of SK Innovation's battery separator division in April last year. SK Innovation owns 100%. Li-ion battery separator and flexible cover window (FCW)
Currently, SK IET is promoting IPO with the aim of listing next year. Pre-IPO attracts funds by selling a certain stake to investors before listing. The investment banking industry estimates that the corporate value of SK IET is about 3 trillion won. SK Innovation (KRW 151,000 ▼ 6,500 -4.13%) plans to use the funds raised from Premier Partners to expand the battery business.
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