LG Electronics plans an IPO for its Indian unit, potentially raising $1.5B and valuing it at $13B.
LG Electronics is considering an IPO for its Indian unit, LG Electronics India Pvt Ltd, potentially raising up to $1.5 billion and valuing the unit around $13 billion. Major banks, including Bank of America and Citigroup, may arrange the offering, possibly taking place next year. This move aligns with LG's goal to achieve $75 billion in electronics revenue by 2030, leveraging India's growth potential as a key market. Details remain subject to change.
September 14, 2024
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