LG Electronics India IPO 2025 to value company at $15 billion
LG Electronics India IPO reportedly is scheduled in the first half of 2025 which is set to value the South Korean electronics giant at $15 billion.
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LG Electronics - the South Korean electronics giant which is very popular in India is planning to list its Indian arm on the domestic exchanges. According to a Bloomberg report, the company aims to increase its valuation by $15 billion by listing on the Indian stock market via an IPO date reportedly is in the first half of year 2025. As per other reports the company has already filed the draft red herring prospectus with (DRHP) with SEBI earlier this month for the same.
According to the DRHP, LG Electronics plans to issue 101.82 million shares to the public with no fresh issue. It will reduce the owners' equity in the company by 15% to 57.69 crore shares according to a report. The merchant bankers appointed for the issue are Morgan Stanley India Company, JP Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India.
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