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How to buy LG Energy Solution stock from Canada

If you live in Canada, you need a broker that provides access to foreign investments to buy LG Energy Solution stock.

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In January 2022, Korean lithium-ion battery producer, LG Energy Solution, went public on the Korea Stock Exchange. Worth nearly $100 billion, the electronics mega corporation has become the second-largest publicly traded company in Korea behind Samsung. Here’s how investors in Canada can buy LG Energy Solution stock.

Note: All dollar amounts on this page are in US dollars unless otherwise stated.

What we know about the LG Energy Solution IPO

On January 27, 2022, LG Energy Solution went public on the Korea Stock Exchange (KRX) under the ticker “373220.”

The opening stock price was 597,000.00 KRW (just under $500 USD), which was higher than the expected price range of 257,000 KRW to 300,000 KRW.

The offering consisted of 34 million newly-issued stocks plus 8.5 million stocks offered by parent company, LG Chem. Altogether, the IPO raised around $13 billion, making it South Korea’s largest public offering.

Can I buy LG Energy Solution stock from Canada?

You can’t buy LG Energy Solution stock on a Canadian stock exchange like the TSX or CSE. Instead, you need a Canadian broker that provides access to stocks sold on the Korea Stock Exchange (KRX), the market in which LG Energy stocks are trading.

However, some Canadian brokerages don’t offer access to international investments at all or only provide access to a limited range of investment opportunities.

Interactive Brokers provides access to many stock exchanges around the world including the Korea Stock Exchange (KRX), London Stock Exchange (LSE), New York Stock Exchange (NYSE), NASDAQ, Toronto Stock Exchange (TSX), Hong Kong Stock Exchange (SEHK), National Stock Exchange of India (NSE) and Frankfurt Stock Exchange (FWB).

The process of buying stocks listed on international exchanges is basically the same as buying stocks in a Canadian company. You buy and sell using your online trading account or through an investment broker who handles international stocks.

How to buy international stocks in Canada

How to buy LG Energy Solution stock

You can buy LG Energy Solution stock with an international brokerage account. Here’s how it works:

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for LG Energy Solution. Find the stock by name or ticker: 373220. Make sure you research the company’s history to confirm whether it’s an investment that will help you reach your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until LG Energy reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. your budget against a diversified portfolio that can minimize risk through the market’s ups and downs. You may be able to buy a fractional share of LG Energy, depending on your broker.
  6. Check in on your investment. Optimize your portfolio by tracking how your stock—and the business as a whole—performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Access international stock exchanges (including the KRX)

To buy stocks, you’ll need to open a brokerage account. Compare your options using the table below to find the best fit for you.

Note: The dollar amounts in the table below are in Canadian dollars.

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Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
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Interactive Brokers
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★★★★★
4.3 / 5
Stocks, Bonds, Options, ETFs, Currencies, Futures
min $1.00, max 0.5%
$0
N/A
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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