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LG Electronics India IPO outperforms on debut, valuation hits $13B
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LG India’s IPO surges ~53% on debut, valuing at $13B and eclipsing parent company.
LG Electronics India witnessed a blockbuster stock market debut, climbing ~53%, and reaching a valuation of ~$13 billion — surpassing its South Korean parent. The IPO was among the most subscribed in India this year. Retail and institutional demand soared, with bids flowing at high premiums. The strong debut is seen as a landmark for India’s consumer goods sector and may encourage more global firms listing their Indian operations.