LG eyeing USD 15 billion listing valuation for its Indian subsidiary

LG Electronics is aiming for a USD 15 billion valuation for its Indian subsidiary ahead of a potential listing. The company is considering an initial public offering (IPO) to raise funds and enhance its presence in the Indian market. The subsidiary, which focuses on consumer electronics, home appliances, and air conditioning, has been growing steadily in India, capitalizing on the increasing demand for home appliances and smart technologies. The proposed listing will allow LG to tap into India’s growing investment market while providing the subsidiary with greater autonomy and access to capital for expansion. Investors are expected to view the listing as an opportunity to gain exposure to the booming Indian consumer goods market.