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flag LG CNS shares fell 8.6% on its first day trading, despite its $821M IPO being South Korea's largest since 2022.

flag LG CNS, a tech services subsidiary of South Korea's LG Group, saw its shares drop after its initial public offering (IPO), the largest in South Korea since 2022. flag Despite strong demand, the company's shares opened at 60,500 won, down from the IPO price of 61,900 won, and closed at 57,900 won, representing an 8.6% decrease from the issue price. flag The IPO, valued at $821 million, had initially set the company's value at $4.1 billion, but its market value fell to $5.7 trillion won after the drop.

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