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Carlsberg said to begin $700 million IPO process for India unit
The Economic Times· 2026-02-23 10:43
The company has picked The offering is expected to consist of a A listing would position the brewer alongside a growing number of multinational companies tapping Indian markets to capitalize on higher local valuations. Hyundai Motor Co., LG Electronics Inc. and Pernod Ricard SA, the maker of Absolut vodka and Chivas Regal Scotch whisky, is also considering a listing of its Indian business. Companies including Bonfiglioli Transmission Pvt., Hindustan Coca-Cola Beverages and Fossil Group Inc. are among other ...
Samsung unveils 2026 TV lineup with bigger screens, brighter OLEDs and AI
BusinessLine· 2026-01-05 03:59
Samsung Electronics Co. unveiled its 2026 home theater lineup, aiming to cement its position as the leading TV maker amid intensifying competition and what it described as a shift toward jumbo televisions.The company’s latest LCD-based 4K televisions make use of new display backlighting technology to reproduce a wider range of colors than previous models could manage, it said in a statement Sunday. Samsung is also debuting its next series of high-end OLED TVs as it continues chipping away at LG Electronics ...
外国企业对特定无线通信设备及其组件提起337调查申请,一加、HTC等为列名被告
Xin Lang Cai Jing· 2025-12-18 02:59
美国BLU Products, Inc. of Doral, FL、美国Coosea USA Technologies, Inc. of San Diego, CA、美国DISH Wireless LLC of Englewood, CO、美国EchoStar Corporation of Englewood, CO、中国台湾地区HTC Corporation of Taiwan、韩国LG Electronics Inc. of South Korea、中国广东OnePlus Technology (Shenzhen) Co., Ltd. of China、美国Qualcomm Technologies, Inc. of San Diego, CA、中国香港特别行政区TCL Communication Ltd. of Hong Kong、美国TTE Technology, Inc. d/b/a TCL North America of Irvine, CA、中 国广东TCL Technology Group Corporation of China、美国T-Mobile USA, Inc. of Bellev ...
美国ITC正式对小型微波炉-抽油烟机组合启动337调查,美的集团、海尔集团等为列名被告
Xin Lang Cai Jing· 2025-12-18 02:29
Core Viewpoint - The U.S. International Trade Commission (ITC) has initiated a Section 337 investigation into specific microwave-hood combinations following a complaint from U.S. companies regarding violations of U.S. trade laws [1] Group 1: Investigation Details - The investigation was prompted by a complaint filed on November 18, 2025, by U.S. companies alleging that the products in question violate Section 337 of U.S. trade law [1] - The ITC will determine the end date of the investigation within 45 days of the case being filed [3] - Unless vetoed by the U.S. Trade Representative for policy reasons, any relief order issued by the ITC in Section 337 cases will take effect on the date of issuance and will have finality 60 days after that date [3] Group 2: Defendants - The defendants in this case include major companies such as Samsung Electronics, LG Electronics, Midea Group, Haier Group, and several others from the U.S. and Canada [2]
IPOs in India could raise up to $20 billion over next year: Citigroup
BusinessLine· 2025-10-10 04:06
Core Insights - Initial public offerings (IPOs) in India are projected to raise up to $20 billion over the next 12 months, reinforcing India's status as a leading market for listings [1] - The current year has already seen $12 billion raised through IPOs, with an additional $5 billion expected this month from companies like Tata Capital Ltd. and LG Electronics Inc.'s Indian arm [1] Group 1: Market Activity - India is anticipated to be one of the most active equity capital markets (ECM) globally, alongside Hong Kong, in the coming year, with a record pipeline of listings from both domestic and international companies [2] - The sectors driving this activity include technology, healthcare, and consumer industries [2] Group 2: Investment Dynamics - The surge in IPOs is supported by a robust domestic capital base, particularly from millions of retail investors, which has counterbalanced the withdrawal of over $15 billion by foreign investors this year [3] - Foreign selling has been influenced by factors such as the 50% US tariff on Indian exports and declining corporate profits [3] Group 3: Upcoming Listings - Notable upcoming IPOs include Pine Labs Ltd., Meesho, and ICICI Prudential Asset Management Co., with the potential for India's largest IPO by Reliance Jio Infocomm Ltd. next year [4] - The ongoing nine-year rally in the Sensex index has contributed to positive market sentiment, although there are concerns regarding the supply of new listings and valuation expectations [4]
LG India’s $1.3 billion IPO subscribed fivefold on strong bids
BusinessLine· 2025-10-09 07:08
Core Insights - LG Electronics Inc. successfully launched a $1.3 billion initial public offering (IPO) for its Indian unit, which was five times subscribed, indicating strong demand from institutional and wealthy investors [1][2]. Investor Demand - Subscriptions from wealthy individuals reached 13 times the allocated shares, while qualified institutional investors subscribed at 2.7 times, retail investors at 2.5 times, and employees at 5.3 times [2]. IPO Details - The IPO involves the sale of 71.3 million shares priced between 1,080 rupees and 1,140 rupees each, potentially valuing LG Electronics India Ltd. at up to 774 billion rupees ($8.7 billion), making it a contender for India's largest listed home-appliance maker [3]. Market Context - The IPO reflects a strong and sustainable consumption story in India, as noted by LG's chief sales officer, highlighting 28 years of trust from Indian consumers and partners [4]. - This offering marks the fourth billion-dollar IPO in India for the year, contributing to the country becoming the world's fourth-largest IPO market in 2025, with proceeds exceeding $13 billion [4]. Investor Participation - LG attracted significant interest from sovereign wealth funds from Abu Dhabi, Norway, and Singapore, as well as global asset managers like BlackRock Inc. and Fidelity International Ltd. [5]. Valuation Insights - The IPO is priced at approximately 35 times earnings for the year ended March 31, which is considered reasonable compared to peers trading at higher valuations, reflecting the company's strong market position and brand equity [6]. Product Leadership - LG Electronics India holds leading market positions in various product categories, including washing machines, refrigerators, televisions, air conditioners, and microwave ovens, based on offline market share [7]. Underwriters - The share sale was managed by Axis Bank Ltd. and the Indian units of major financial institutions including Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., and Citigroup Inc. [8].
LG Electronics’ $1.3 Billion India IPO Sold on First Day
Yahoo Finance· 2025-10-07 11:06
Core Insights - LG Electronics Inc. successfully completed a $1.3 billion initial share sale for its Indian unit, marking a significant achievement in the Indian IPO market [1][2] - The share price is set between 1,080 rupees and 1,140 rupees, valuing LG Electronics India Ltd. at up to 774 billion rupees ($8.7 billion), making it the largest home-appliance maker listed in India [2] - The IPO reflects growing investor confidence in the Indian market, with expectations that total IPO proceeds could exceed $5 billion in October [3][5] Group 1: IPO Details - The offering consists of 71.3 million shares, primarily attracting demand from wealthy individual investors, with the employee portion fully subscribed [2] - LG India is positioned to be the fourth billion-dollar IPO in India for the year, following HDB Financial Services Ltd., Hexaware Technologies Ltd., and Tata Capital [6] - The IPO process faced delays due to market volatility and global uncertainties, with the company reducing its initial valuation from $15 billion [8] Group 2: Market Context - The recent surge in IPO activity in India is supported by strong liquidity from domestic institutional and retail investors, with significant monthly inflows into Indian stock funds [4][7] - The participation of sovereign wealth funds from Abu Dhabi, Norway, and Singapore, along with global money managers like BlackRock and Fidelity, indicates robust interest in the Indian market [6] - Market experts express optimism about the future pipeline of listings, suggesting that the resurgence in IPO activity will continue [5]
LG Electronics India to begin taking orders for $1.3 billion IPO
BusinessLine· 2025-10-07 05:13
Group 1 - LG Electronics Inc.'s Indian unit is launching a $1.3 billion initial public offering (IPO), joining Tata Capital in a potentially record month for new listings in India [1][3] - The IPO will offer up to 101.8 million shares priced between ₹1,080 and ₹1,140, valuing LG Electronics India Ltd. at approximately ₹77,400 crore ($8.7 billion), making it the largest home-appliance maker listed in India [2][6] - The share sale indicates growing investor confidence, with Indian IPO proceeds expected to exceed $5 billion in October [3][4] Group 2 - The surge in new listings is driven by significant liquidity from domestic institutional and retail investors, with recurring investment plans attracting over $3 billion monthly in 2025 [4][5] - LG India is set to become the fourth billion-dollar IPO in India this year, following HDB Financial Services Ltd., Hexaware Technologies Ltd., and Tata Capital [6] - The offering values LG India's shares at 38 times its trailing 12-month earnings, compared to its parent company at about 14 times and local peers trading at over 50 times [8]
LG’s India IPO is said to attract Abu Dhabi, Norway, Singapore wealth funds
BusinessLine· 2025-10-06 11:22
Core Insights - LG Electronics Inc. is moving forward with its initial public offering (IPO) for its India arm, attracting interest from sovereign wealth funds from Abu Dhabi, Norway, and Singapore [1][2] - The IPO is valued at $1.3 billion, with potential anchor investors including Abu Dhabi Investment Authority, Norges Bank Investment Management, GIC Pte., BlackRock Inc., and Fidelity International Ltd. [2][3] - The IPO process has faced delays due to market volatility and global trade uncertainties, with the current valuation of the India unit at $8.7 billion, significantly lower than the $15 billion target set in December [4] Investment Landscape - Major Indian fund managers such as SBI Mutual Fund, ICICI Prudential Asset Management Co., and Nippon Life India Asset Management Ltd. are also expected to participate in the IPO [3] - October is projected to be a record month for Indian IPOs, with total proceeds expected to exceed $5 billion, indicating strong market confidence despite external challenges [5] - LG began taking IPO orders from anchor investors on October 6 and plans to list its shares on October 14 [5]
India poised for biggest-ever IPO month with $5 Billion in deals
BusinessLine· 2025-10-01 03:41
India’s initial public offering market is set for a record October, with companies expected to raise over $5 billion, highlighting strong investor appetite in one of the world’s busiest equity hubs.Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.’s local unit, are boosting confidence that India’s $5 trillion stock market can absorb large issuance, even as US tariffs and weak earnings leave equities trailing other Asian markets.The rush is being fueled by st ...