LG CNS Initiates Listing Process... Sends Bids to Securities Firms

[Asia Economy Reporter Kang Nahum] LG CNS has officially begun the initial public offering (IPO) process.

According to industry sources on the 3rd, LG CNS sent a Request for Proposal (RFP) to domestic and international securities firms yesterday to select an IPO underwriter. Previously, LG CNS formed a dedicated team and started preparations for the listing.

The timing of the listing is expected to be between the second half of this year and next year at the earliest. A company representative stated, "The specific timing of the listing will be decided later depending on market conditions and other factors."

LG CNS recorded sales of 4.1431 trillion KRW last year, driven by growth in its system construction and operation business. Operating profit was 328.6 billion KRW. The industry expects the company's valuation to be around 7 trillion KRW.

Recently, LG CNS has been strengthening its external business by emphasizing digital transformation (DX). Unlike other competitors that rely on group volume, LG CNS's performance is driven mainly by external volumes such as smart logistics and financial DX. These businesses were elevated to independent divisions by the end of last year.

This content was produced with the assistance of AI translation services.