LG Electronics IPO: LG is planning to raise up to $1.5 billion in India to boost its electronics revenue and revitalise the consumer electronics segment. The South Korean giant is engaging top-tier banks to manage this significant market entry.
Several top global financial institutions are expected to play key roles in orchestrating LG’s Indian IPO, with names like Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley rumoured to be in the mix as potential arrangers. The share sale, potentially materialising next year, could value LG Electronics India Pvt Ltd. at over $13 billion, underscoring the company’s robust market position.
LG is likely to file a prospectus with India’s stock market regulator in the coming month, showing the official start of the IPO process. However, the final details regarding the size and timing of the offering remain flexible and subject to market conditions and regulatory approvals.
This IPO is a crucial component of LG’s ambitious plan to achieve $75 billion in electronics revenue by 2030. By tapping into the Indian capital markets, LG aims to unlock value from its operations in one of the world’s fastest-growing economies and fuel its global growth strategy.
India’s booming market has become a magnet for global investors, with other major companies also eyeing public listings. Notably, Hyundai Motor Co. is preparing to list shares of its Indian unit this year, potentially becoming one of the largest listings in the country’s history.
