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LG eyes $15 billion listing valuation for Indian arm
The New Indian Express Kozhikode
|December 17, 2024
Post-public offer, promoter's shareholding will come down by 15%
SOUTH KOREA'S LG South Korea's LG Electronics is reportedly planning to list its Indian subsidiary - LG Electronics India Ltd - on the domestic bourses at a hefty valuation of up to $15 billion. The company, which is planning to launch a mega IPO in the first of the calendar year 2025, was earlier targeting a valuation of $13 billion.
Both valuations are higher than LG's market capitalization on the South Korean exchanges. LG's shares have fallen about 13% this year in Seoul and the company commands a market value of $10 billion.
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