LG CNS IPO Offering Price Set at 61,900 KRW... Demand Forecast Competition Ratio 114 to 1

The public offering price for LG CNS, which is scheduled for an initial public offering (IPO) in the first half of this year, has been set at 61,900 KRW.

LG CNS announced on the 17th that from the 9th to the 15th, it conducted a demand forecast targeting institutional investors, and the public offering price was determined at the upper end of the desired price range (53,700 to 61,900 KRW).

A total of 2,059 domestic and international institutional investors participated in the demand forecast, recording a competition rate of 114 to 1, with approximately 76 trillion KRW gathered in funds.

99% of the participating institutional investors offered prices of 61,900 KRW or higher. The expected market capitalization is approximately 6 trillion KRW.

LG CNS is considered a major player in the domestic cloud sector and is attracting attention as an "AI beneficiary stock."

LG CNS will accept subscription applications for public shares from general investors on the 21st and 22nd. The securities firms where subscriptions can be made are KB Securities, Mirae Asset Securities, Shinhan Investment Corp., Daishin Securities, NH Investment & Securities, and Hana Securities.

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