JOURNAL ARTICLE

LG Electronics' $1.3 Billion India IPO Sold on First Day.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Joshi, Ashutosh 3 of 3

Abstract

The article focuses on LG Electronics Inc.'s successful $1.3 billion initial share sale for its Indian unit, LG Electronics India Ltd., which was fully subscribed on its first day. The shares are priced between 1,080 and 1,140 rupees, valuing the company at up to 774 billion rupees ($8.7 billion), making it the largest home-appliance maker listed in India. The offering attracted significant demand from wealthy individual investors and is part of a broader trend of increasing investor confidence in the Indian stock market, with expectations that IPO proceeds could exceed $5 billion in October. The article also notes the participation of major global investors in the share sale and highlights the strong pipeline for future listings in India. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Marketing
  • Publication Date:2025
  • Accession Number:188502438
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.