LG said to pick banks for $1.5 billion listing of Indian unit
Sat, Sep 14, 2024 2:10 PM

LG said to pick banks for $1.5 billion listing of Indian unit

A Flip by Avya Verma
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LG Electronics Inc. has selected banks, including Bank of America and JPMorgan, to arrange a potential $1.5 billion IPO of its Indian business, which could value the unit at $13 billion and list as early as next year. LG aims to raise $1-1.5 billion from the share sale, which is part of its plan to reach $75 billion in electronics revenue by 2030.

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