Sources: LG Targets Up to $15 Billion Valuation for India IPO

Business

South Korean conglomerate LG Electronics Inc. is considering raising the valuation of its India unit to as much as $15 billion in a planned listing in Mumbai next year, following initial feedback from analysts and investors, according to people familiar with the matter, according to Bloomberg. LG Electronics plans to start a formal roadshow for the initial public offering (IPO) of LG Electronics India Pvt. in the next two months and is targeting a listing in the first half of 2025, the people