Bloomberg: "LG Electronics Holds IPO Briefing in India"

IPO Kickoff... Corporate Value Up to 22 Trillion KRW

LG Electronics has started its investor roadshow for the initial public offering (IPO) of its India subsidiary, Bloomberg reported on the 18th.

Bloomberg, citing sources, stated that LG Electronics recently initiated the listing process on the Indian stock market.

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Earlier, Bloomberg reported that LG Electronics aims to raise between $1 billion and $1.5 billion (approximately 1.4439 trillion to 2.1659 trillion KRW) through the IPO, and the corporate value of LG Electronics' India subsidiary could reach up to $15 billion (about 21.6585 trillion KRW).

However, sources noted that negotiations are ongoing and details may change. LG Electronics did not respond to Bloomberg's request for comment.

At the end of last year, LG Electronics submitted a Draft Red Herring Prospectus (DRHP) for the listing of its India subsidiary to the Securities and Exchange Board of India (SEBI). According to the prospectus submitted in December, LG Electronics plans to sell up to 101.82 million shares. Axis Capital, Bank of America (BoA), Citigroup, JP Morgan Chase, and Morgan Stanley are acting as joint bookrunners.

Previously, Hyundai Motor India's IPO on the Indian stock market in October last year was valued at approximately $19 billion and raised $3.3 billion, the largest amount ever raised in an Indian IPO.

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