LG ELECTRONICS has started roadshows to meet potential investors in the initial public offering (IPO) of its Indian unit, sources familiar with the matter said.
The South Korean company has recently kicked off the process as it moves forward with the listing plans, the sources said, asking not to be identified because the matter is private. LG plans a Mumbai IPO this year, Bloomberg News has reported previously.
Representatives for LG Electronics and its LG Electronics India unit declined to comment on the roadshows.
Bloomberg has also reported the IPO could raise US$1 billion to US$1.5 billion and value LG India at as much as US$15 billion.
Deliberations are ongoing and details could change, the sources said.
According to a prospectus filed in December, LG plans to sell as many as 101.82 million shares. Axis Capital, Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley are helping to manage the IPO.
Another South Korean company, Hyundai Motor, listed its Indian unit last year, raising US$3.3 billion in what was the biggest IPO ever in India, helping the country become one of the world’s top markets for first-time share sales.
Hyundai India is trading about 6 per cent below its price on its October debut as enthusiasm about the stock market shows signs of waning. The Sensex Index has retreated in 2025 after nine consecutive years of gains. Meanwhile, major stock gauges in China and Hong Kong have posted double-digit increases. BLOOMBERG
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