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LG Electronics India’s IPO balloons 53%, values unit at $13B
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LG India IPO pops 53%, values business at $13B amid strong demand.
LG Electronics India surged ~53.4% on its debut on October 14, valuing the company at ~$13 billion—exceeding its South Korean parent’s valuation. The IPO drew bids worth ~$50 billion, making it one of the largest recent offerings in India. The listing was entirely an offer for sale, with parent reducing its stake by 15%. The success reflects strong investor demand and confidence in India’s consumer market surge.