Latest news with #LGElectronicsInc.
Economic Times
2 days ago
- Business
- Economic Times
LG Electronics is said to consider resuming IPO of Indian unit
LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar with the matter said. ADVERTISEMENT The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn't public. LG Electronics paused work on the IPO in April, partly because of market volatility, Bloomberg News reported at the time. The company later said it would make a decision on the plan based on market conditions. Considerations are ongoing and LG Electronics could decide to delay the IPO further, the people said. A representative for the company declined to comment. An LG Electronics India Ltd. IPO had been expected to raise as much as $1.7 billion, making it one of India's larger floats. Investors pushed back against the parent's valuation expectations, people familiar with the matter have said. LG Electronics India said last month it plans to invest about $600 million over four years in a new factory, its third in the country, in the southeastern state of Andhra Pradesh. ADVERTISEMENT Indian share sales have bounced back after a lull in the first quarter, helped by a rebound in the stock market — the benchmark NSE Nifty 50 Index is up about 12% from a March low. While most activity has consisted of block trades and follow-on share sales, bankers expect the momentum to spill over into IPOs in the second half of the year, with some billion-dollar-plus listings in the pipeline. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
2 days ago
- Business
- Mint
LG India IPO: Company looks to resume public offer plans amid Indian stock market rebound
LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar with the matter said. The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn't public. LG Electronics paused work on the IPO in April, partly because of market volatility, Bloomberg News reported at the time. The company later said it would make a decision on the plan based on market conditions. Considerations are ongoing and LG Electronics could decide to delay the IPO further, the people said. A representative for the company declined to comment. LG Electronics India Ltd. IPO had been expected to raise as much as $1.7 billion, making it one of India's larger floats. Investors pushed back against the parent's valuation expectations, people familiar with the matter have said. LG Electronics India said last month it plans to invest about $600 million over four years in a new factory, its third in the country, in the southeastern state of Andhra Pradesh. Indian share sales have bounced back after a lull in the first quarter, helped by a rebound in the stock market — the benchmark NSE Nifty 50 Index is up about 12% from a March low. While most activity has consisted of block trades and follow-on share sales, bankers expect the momentum to spill over into IPOs in the second half of the year, with some billion-dollar-plus listings in the pipeline.
Time of India
2 days ago
- Business
- Time of India
LG Electronics is said to consider resuming IPO of Indian unit
LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar with the matter said. The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn't public. LG Electronics paused work on the IPO in April, partly because of market volatility, Bloomberg News reported at the time. The company later said it would make a decision on the plan based on market conditions. Considerations are ongoing and LG Electronics could decide to delay the IPO further, the people said. A representative for the company declined to comment. An LG Electronics India Ltd. IPO had been expected to raise as much as $1.7 billion, making it one of India's larger floats. Investors pushed back against the parent's valuation expectations, people familiar with the matter have said. Live Events LG Electronics India said last month it plans to invest about $600 million over four years in a new factory, its third in the country, in the southeastern state of Andhra Pradesh. Indian share sales have bounced back after a lull in the first quarter, helped by a rebound in the stock market — the benchmark NSE Nifty 50 Index is up about 12% from a March low. While most activity has consisted of block trades and follow-on share sales, bankers expect the momentum to spill over into IPOs in the second half of the year, with some billion-dollar-plus listings in the pipeline.
Bloomberg
23-04-2025
- Business
- Bloomberg
LG Electronics Is Said to Pause Work on India Unit's IPO Plans
LG Electronics Inc. has paused work on the initial public offering of its Indian unit amid market volatility, according to people familiar with the matter. The South Korean company has told advisers it may postpone the India unit's IPO, the people said, asking not to be identified because the deliberations are private. LG Electronics may decide to resume the share sale if market conditions improve, they said.
Bloomberg
18-03-2025
- Business
- Bloomberg
India Regulator Approves LG Electronics Unit's Listing Plan
India's market regulator approved LG Electronics Inc.'s application for an initial public offering of its Indian unit, a deal that may raise $1.5 billion and be one of the biggest local listings this year. Securities and Exchange Board of India disclosed the approval on the regulator's website. The firm filed its application in early December.
