LG Electronics IPO: South Korea’s LG Electronics is going to bring an IPO of its Indian unit. For this, the company has selected banks. This IPO can be of around $ 150 million (Rs 12582 crore). All this information has been received by news agency Bloomberg from sources. According to the information, the banks that LG Electronics has selected for this IPO include Bank of America, Citigroup., JPMorgan Chase & Co. and Morgan Stanley. According to sources, this IPO can come in early next year 2025. When the shares are listed after the IPO of $ 100-150 million, the valuation of LG Electronics India Private Limited can be around $ 13 billion.
LG Electronics is bringing this IPO as a strategy as it has set a target of $75 billion electronics revenue by 2030 and it is part of efforts to bring the consumer electronic business back on track. These things were said by the company’s CEO William Cho in an interview with Bloomberg Television in August.
LG Electronics IPO draft may be filed next month
The parent South Korean company has selected banks for the IPO of LG Electronics. Apart from this, some more banks can also be selected. According to the information, this IPO can be of 100-150 million dollars but sources also say that there can be a change in it now. Apart from this, till now there is talk of bringing it next year but there can be a change in this too. According to the information, the company can file a draft for this IPO with the market regulator SEBI next month.
Hyundai Motor is also going to bring IPO
India is increasingly attracting global investors because it has a lot of scope for growth. Hyundai Motor is also preparing to list its Indian unit here. According to a Bloomberg report, its IPO could prove to be the biggest IPO in India.
A new guest in Ashish Kacholia’s portfolio, has increased the capital 5 times, have you also invested money?