LG Electronics IPO: After the listing of Hyundai Motor India on the Indian Stock Exchange, South Korea's leading electronics company LG Electronics is also now preparing for listing in the Indian market. In this connection, the company has put an Investors Relations section on its local website. Earlier in August 2024, it was reported that LG Electronics could launch its IPO (Initial Public Offering) in India. 

LG Electronics CEO William Cho said in August that listing LG's subsidiary on the Indian stock market is one of the key options to give a boost to the consumer electronics business. This is the first time LG Electronics has hinted at listing on the Indian stock market, although speculations about it have been going on for a long time. 

According to media reports, LG Electronics has also appointed merchant bankers to bring IPO in India, which includes Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley. They were also appointed as merchant bankers in the IPO of Hyundai Motor India. LG Electronics can launch an IPO of about $ 1.5 billion in India and the company is aiming to achieve a valuation of $ 13 billion through the IPO. The company has not yet officially confirmed the IPO.  

The CEO of LG Electronics took over as CEO in 2021 after working with the LG Group for three decades and has set a target of $75 billion annual revenue for the consumer electronics business by 2030. The company's revenue was $65 billion in 2023. On the question of possible IPO launch in India, William Cho said, this is one of the many options we can consider. He said, there is a lot of curiosity about this among investors but nothing has been decided about it yet. 

According to ET's report, LG Electronics is planning to set up a third plant in India by investing Rs 5000 crore. It is likely that the money raised in the IPO can be used to set up the plant.