LG's IPO Valuation Expectations Lower

LG Electronics Inc.'s India unit may get a lower valuation than previously expected in its initial public offering, according to people familiar with the development, after the recent decline in the nation's stock market.

- BLOOMBERG

The valuation could dip to a dollar amount of between roughly $10.5 billion and $11.5 billion, the people said, versus earlier expectations for as much as $15 billion. The IPO could take place as soon as May, they said, asking not to