KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Topics SK

SK IE Technology To File For IPO, Targets To Raise $1 Billion

James Jung by James Jung
PUBLISHED: March 31, 2021 UPDATED: April 2, 2021
in SK, Tech Industry
0
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.

SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.

SK IE Technology (SK IET) said that it would start the filing process for its initial public offering (IPO). In 2019, South Korea’s SK Innovation launched SK IET to enhance competitiveness and strengthen its material business management and solutions. Aside from boosting SK’s material production businesses, SK IET advanced its plan to become a leading global material solution provider. Generally, SK IET provides solutions for lithium-ion battery cell separators, image display units, and other IT devices.

According to some inside sources, the Korea Exchange granted the company preliminary approval for its stock market launch. Through the IPO, the wholly-owned SK Innovation subsidiary aims to amass at least $1 billion. Furthermore, SK IET would decide the final price of shares, which determines its value, after it finalizes the IPO process. The sources also stated that the South Korean system usually takes a few weeks to complete the processes.

As shown in SK IET’s regulatory filing, SK Innovation holds 90% of SK IET. The company’s filing also stated that it made a $120 million operating profit last year and a $406 million revenue. Since 2020, SK Innovation has been advancing SK IET’s IPO and securing investment funds for future business expansions.

Additional SK IET Proceedings

In addition to acquiring preliminary approvals and other market debut preparations, SK IET also plans to support the fast-growing electric vehicle battery industry. Moreover, SK IET’s lithium-ion battery separator technology is fundamental to EV battery production. This week, SK IET announced it would make its most extensive EV battery separator business investment yet. During a board meeting, SK IET decided it would provide over $997 million to build two new plants in Poland. Accordingly, SK IET would increase its annual production capacity with the investment, especially when combined with its existing plants’ capabilities.

SK IET also declared that its technologies offer better safety since batteries equipped with its separators have never caught fire. By continuously investing in its separator business, SK IET cements its position as a top separator manufacturer.

South Korean IPO market

Besides SK IET, other South Korean companies have also filed for IPOs, such as Coupang. Earlier, e-commerce giant Coupang successfully listed its stocks and debuted on the New York Stock Exchange with backing from SoftBank. In preparation for its IPO, Kakao Bank already picked advisers and would announce when it would list sometime this year. The video game company Krafton is also planning for an IPO, targeting to raise around $4.4 billion.

Check out other must-read articles from KoreaTechToday:

  • Coupang Sees Spike in Shares Amid 2021’s largest US IPO Yet
  • US-Based NeoImmuneTech Targets 96 Billion Won IPO in KOSDAQ
  • Coupang Files IPO in US for Next-Generation E-commerce Experience
  • Carlyle Group Buys $200 Million Worth Shares of Kakao Mobility
Tags: initial public offeringIPOSK IE TechnologySK Innovation

Related Posts

Inside Stargate: How Samsung and SK Are Powering OpenAI’s Global AI Ambitions
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
AI

Inside Stargate: How Samsung and SK Are Powering OpenAI’s Global AI Ambitions

October 7, 2025
South Korea Prepares Fourth Launch of Homegrown Nuri Rocket
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
Government

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket

October 1, 2025
SK Telecom Commits $3.6B to AI with New Company-in-Company Unit
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
AI

SK Telecom Commits $3.6B to AI with New Company-in-Company Unit

September 29, 2025
South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
LG and SK Join Forces on AI Data Center Cooling and Energy Solutions
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
AI

LG and SK Join Forces on AI Data Center Cooling and Energy Solutions

September 25, 2025
Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?
SK IE Technology, SK Innovation’s lithium-ion battery separator subsidiary, is preparing for its IPO, targeting to raise at least $1 billion.
AI

Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?

September 25, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • LG’s Return to Smartphones: A New AI Collaboration with Samsung

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |