Reported 2 days ago
LG Electronics India's initial public offering (IPO) has begun, aiming to raise $1.3 billion by offering 101.8 million shares priced between 1,080 and 1,140 rupees each. The offering, set to make LG the largest home-appliance maker listed in India, comes as part of a surge in IPO activities fueled by strong investor demand and liquidity from domestic markets. The IPO drew significant interest on its first day, highlighting growing confidence in the Indian economy, with more than $5 billion expected in total IPO proceeds this October alone.
Source: YAHOO