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LG Electronics weighs India IPO to help chase $75 billion goal | Mint

Livemint

Livemint · 10m ago

LG Electronics weighs India IPO to help chase $75 billion goal | Mint

LG Electronics is considering launching an initial public offering (IPO) for its India business in order to achieve its target of $75 billion in electronics revenue by 2030. CEO William Cho mentioned that an Indian market debut is among the options being considered to revive the company's consumer electronics business. LG's Indian unit has witnessed strong growth, with revenue increasing by 14% in the first half of 2021. LG's potential IPO would take place amidst a flourishing Indian capital market. The company is also looking to expand into new businesses, such as heating, ventilation, and air-conditioning, as well as subscription-based services for home appliances and ad-supported streaming.

Related News

LG Electronics mulls Indian unit IPO; Bluestone eyes unicorn status

VCCircle

VCCircle · 1y ago

LG Electronics mulls Indian unit IPO; Bluestone eyes unicorn status

LG Electronics is reportedly considering an IPO for its Indian unit, LG Electronics India Pvt Ltd. The IPO, if approved, could potentially raise over $500 million. LG Electronics has enlisted JP Morgan and Morgan Stanley to assess the potential offering. However, discussions are in the early stages, and the plan is subject to change.

LG Electronics India gets Sebi nod for Rs 15,000 crore IPO

Business Today

Business Today · 4m ago

LG Electronics India has received SEBI approval for a Rs 15,000 crore IPO, comprising an Offer for Sale of over 10.18 crore shares (15% stake). The company reported Rs 64,087.97 crore in revenue. Key firms managing the IPO include Morgan Stanley, J P Morgan India, and others. LG competes with Samsung and Sony, with manufacturing sites in Noida and Pune. In 2024, the Indian IPO market hit a record $20.5 billion, led by Hyundai Motor's $3.8 billion IPO.

LG Electronics' India unit files for IPO

VCCircle

VCCircle · 7m ago

LG Electronics' India unit files for IPO

LG Electronics' Indian unit has filed for an IPO, with its parent company planning to sell 101.8 million shares. The IPO is valued at $1.80 billion, making it one of the top five IPOs in India this year. The company, which sells washing machines and refrigerators, competes with Whirlpool of India and Samsung's India unit in the domestic market. Leading bookrunning managers for the IPO include Morgan Stanley, J.P. Morgan, BofA Securities, and Citi.

LG rewires strategy before hitting IPO switch

Economic Times

Economic Times · 23d ago

LG rewires strategy before hitting IPO switch

LG Electronics is restructuring its strategy ahead of a year-end IPO due to declining sales in India during the first half of 2025. The company is reducing in-store sales promoters and enforcing a performance-oriented approach to cut costs. Sales have dropped due to a cooler summer, leading to decreased demand for air-conditioners and refrigerators, vital sales drivers for LG. The IPO, initially planned for early 2025, has been rescheduled for October-November.

LG Electronics delays India unit IPO on market jitters

VCCircle

VCCircle · 2m ago

LG Electronics delays India unit IPO on market jitters

LG Electronics has postponed its Indian unit's IPO due to market volatility triggered by global trade uncertainties and US tariff concerns. Initially planned for May, the IPO is now expected in the second or third quarter of fiscal year 2025-2026. Despite the delay, LG continues investor engagements, aiming for a strategic market entry. While the Indian market for consumer durables is growing, current market sentiment has affected the timeline and potential valuation of the IPO.

Fintech firm Pine Labs weighs $1 billion IPO in India

Economic Times

Economic Times · 1y ago

Fintech firm Pine Labs weighs $1 billion IPO in India

Pine Labs, a digital payments provider based in Asia, is considering raising around $1 billion in an initial public offering (IPO) in India. The company, backed by Peak XV Partners and Mastercard, may seek a valuation of over $6 billion in the IPO. Pine Labs currently serves over 500,000 merchants in various regions and offers payment and financial solutions. If successful, this would be the largest IPO by an Indian fintech firm after Paytm's $2.5 billion offering earlier this year.

LG Electronics plans $39.5B investment to reach $79B in sales by 2030

TechCrunch · 2y ago

LG Electronics plans $39.5B investment to reach $79B in sales by 2030

LG Electronics plans to spend $39.5 billion (50 trillion won) in R&D, facility and strategic investment as it aims to reach $79 billion (100 trillion won) in sales by 2030, up from $51.4 billion (65 trillion won) in 2022.

IPO-bound LG Electronics India begins work on new $600 million plant

Economic Times

Economic Times · 2m ago

IPO-bound LG Electronics India begins work on new $600 million plant

LG Electronics India has started building its third plant in Andhra Pradesh, investing $600 million. This facility, located in Sri City near Chennai, will provide direct employment to 1,495 people and create 10,000 indirect jobs. The company's other plants are in Greater Noida and Pune. The IPO for its Indian unit, initially delayed due to market volatility, is now expected in the second or third quarter of fiscal year 2026.

Bain-backed chipmaker Kioxia scraps October IPO plan, sources say

Economic Times

Economic Times · 9m ago

Bain-backed chipmaker Kioxia scraps October IPO plan, sources say

Bain-backed memory chipmaker Kioxia has decided to cancel its planned initial public offering (IPO) in October due to the recent market downturn in shares of its competitors. Bain had aimed for a market value of 1.5 trillion yen ($10.39 billion) for Kioxia, but with shares of Micron Technology and Samsung Electronics falling around a third from their highs, achieving this pricing goal has become difficult. Kioxia will instead prepare for an IPO at a more suitable time.

Tokyo Electron Ltd to supply equipment to Tata Electronics, train workforce at India’s first fab | Mint

Livemint

Livemint · 10m ago

Tokyo Electron Ltd to supply equipment to Tata Electronics, train workforce at India’s first fab | Mint

Japan's Tokyo Electron Ltd (TEL) has agreed to supply equipment and train employees for Tata Electronics, which is building India's first semiconductor fabrication facility. This partnership will help Tata Electronics achieve its execution targets as it aims to become a leader in electronics manufacturing. The company will invest a total of ₹91,000 crore in the chip fabrication unit in Gujarat and another ₹27,000 crore in a facility in Assam for assembly and testing. TEL will also support ongoing improvement and research initiatives and help establish a semiconductor manufacturing ecosystem in India.

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