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LG targets $1.5b India IPO
LG Electronics has started roadshows to attract potential investors for its Indian unit’s initial public offering (IPO), according to sources.
The South Korean company plans to launch the IPO based in Mumbai this year.
While representatives for LG Electronics and LG Electronics India Ltd. did not comment on the proceedings.
The IPO could generate between US$1 billion and US$1.5 billion, placing LG India’s valuation as high as US$15 billion.
Documents filed in December indicate that LG Electronics intends to sell up to 101.82 million shares.
Recent LG developments
| Timeline |
|---|
25-Jan-2025 🔋 LG Energy Solution reports loss in Q4 2024 amid EV slump
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25-Jan-2025 🤖 LG acquires US-based AI startup to expand robotic portfolio
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24-Jan-2025 🔋 LG Energy Solution reports first $158m loss in three years
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12-Jan-2025 ⚡ LG Energy to supply batteries for Aptera Motors’ EVs
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| 06-Jan-2025 🚀 LG’s IT arm seeks $816m in South Korea’s IPO |
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