LG IPO

LG India soars past South Korean parent, becomes $13 billion giant after blockbuster debut

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LG India soars past South Korean parent, becomes billion giant after blockbuster debut

In a stunning debut that defied expectations, LG Electronics India surged 50.4% from its IPO price on its first day of trading on Tuesday, taking its market capitalisation to Rs 1.16 lakh crore, or about $13.13 billion, higher than its South Korean parent LG Electronics Inc, which is valued at around $8–9 billion in Seoul. … Read more

LG eyes up to $15 billion valuation for India unit IPO: Report

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LG eyes up to billion valuation for India unit IPO: Report

LG Electronics Inc. is considering increasing the valuation of its Indian unit to as much as $15 billion in a planned listing in Mumbai next year after initial feedback from analysts and investors, according people familiar with the matter. The South Korean company is planning to start a formal roadshow for LG Electronics India Pvt.’s … Read more