What if you bought LG Energy Solution on its IPO day?
This uses real data to show what would have happened if you had invested a lump sum in LG Energy Solution (373220), then Korea's largest-ever IPO, on January 27, 2022 — its IPO day. We honestly examine the correction after a first-day buy of the battery bellwether.
⚠️ Know the risk first
It listed right at the start of the 2022 rate-hike bear market and corrected sharply afterward; buying near the 597,000-won open would have meant larger losses. Always review the maximum drawdown metric below.
⚠️ This asset is an individual stock chosen as of today, so past returns can look better than they really were (survivorship bias).
What happened that day
On January 27, 2022, LG Energy Solution, Korea's largest-ever IPO, listed on the KOSPI. With a 300,000-won offer price, a 597,000-won open, and a 505,000-won close, it became Korea's second-most-valuable company after Samsung Electronics, but corrected sharply amid the 2022 bear market's start and battery-theme swings.
Why this date
LG Energy Solution's daily price data begins on its IPO day, so the 'jumped in on day one of the largest-ever IPO' assumption can be computed precisely from that day's close.
Investment conditions
Asset · LG Energy Solution (373220) · lump-sum on IPO day, then held long-term
Method · Lump-sum (all at once)
Period · 2022-01-27 ~ 2026-07-01
Amount · $7,407
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Buy and final prices are shown in the asset's local currency (US & crypto $, Japan ¥, Korea ₩). Total invested and final value are in Korean won (₩).
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-57.0%
Largest drop from peak
Longest loss period
35months
Months in loss: 45
Recovery period
0months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $7,407 → Final value $5,105 (-31.1%), Maximum drawdown (MDD) -57.0%
Why this period and asset
January 27, 2022 is the day LG Energy Solution listed on the KOSPI, matching the start of this service's data. Its offer price was 300,000 won, but it opened at nearly double that at 597,000 won and closed at 505,000 won, becoming Korea's second-most-valuable company after Samsung Electronics. Hyped as the largest IPO on record, the stock nonetheless corrected sharply right after listing amid the 2022 rate-hike selloff and battery-theme swings.
Interpreting the result
This case shows 'what if you jumped in on day one of the largest, most hyped IPO on record.' If you bought at the first-day close and never sold, you get the metrics below; but the listing happening right at the start of the 2022 bear market heavily shaped performance. Confirm alongside the maximum drawdown and loss periods that buzz and size are not the same as good timing. Investing gradually each month instead of all at once would have let you buy lower during the later correction.
Caveats & limits
This calculation uses the first-day close (about 505,000 won). Buying near the open or intraday high would have been worse. As a single stock, be mindful of survivorship bias. Figures use adjusted close, are in KRW, and exclude fees and taxes; the data window is short and limited as long-term statistics. Always review the maximum drawdown and loss periods.
Event fact sources
- TechCrunch — LG Energy Solution becomes South Korea's second most valuable firm in IPO debut (2022-01-27)
- Bloomberg, LG Energy doubles on trading debut (2022-01-27)
Requested date vs actual trading date
If the event date is a holiday, the fill uses the next trading day's close. The 'effective trading date' below is the date actually used. This calculation uses the first-day close.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-28
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- This asset is an individual stock chosen as of today, so past returns can look better than they really were (survivorship bias).
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Isn't the largest-ever IPO safe?
Size does not make a first-day buy safe. LG Energy Solution happened to list right at the start of the 2022 rate-hike bear market and then corrected sharply amid battery-theme swings. Buzz and size are separate from good timing.
Why use January 27, 2022 as the buy date?
LG Energy Solution's daily price data begins on its IPO day, January 27, 2022. That lets us compute the 'jumped in on day one of the largest-ever IPO' assumption precisely from that day's close.
Which day-one price does this use?
The first-day close (about 505,000 won). The open was higher at 597,000 won, and buying near there would have been worse. See the post-day-one correction in the maximum drawdown metric below.
Are FX and taxes reflected?
As a domestic stock, figures are in KRW and FX is not applicable. Trading fees and taxes are not reflected — figures are pre-tax. This page only shows historical data and recommends no specific stock.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.
⚠️ Calculated using today's representative assets, which may differ from the market composition at the time.