LG mulls raising India unit valuation to $15 bn from $13 bn ahead of IPO

Quick Summary:

LG filed a draft red herring prospectus with Indian regulators earlier this month, detailing plans to sell as many as 101.82 million shares, none of which will be new.

LG may ultimately seek a slightly lower valuation for the business based on final demand, one of the people said.

LG has been sounding out preliminary interest from potential investors, the people said.

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Article Details

Category: BusinessFinance

Markets: IndiaSouth Korea

Topics: LG IPO Initial Public offering LG India LG Electronics Inc

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 14:49:57 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24429436

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