LG Electronics Seeks $8.7 Billion Valuation for India Unit IPO

Group 1 - LG Electronics Inc.'s India arm is launching its initial public offering (IPO) on October 7, seeking a valuation of up to 774 billion rupees ($8.7 billion) [1] - The company is offering 101.8 million shares, representing a 15% stake, with a price range of 1,080 to 1,140 rupees per share [1] - The IPO is expected to raise approximately 116 billion rupees at the top of the price range, potentially making LG the leading household appliances firm on Indian stock exchanges by market value [2] Group 2 - This IPO will be the fourth billion-dollar IPO in India's market for 2025, following HDB Financial Services Ltd., Hexaware Technologies Ltd., and Tata Capital Ltd. [3] - Despite a challenging broader market this year, demand for new issues remains strong, with companies raising over 11 billion rupees through IPOs, a 20% increase compared to the same period last year [3] - LG Electronics India Ltd. received regulatory approval for its updated draft red herring prospectus and filed the final version recently [4]