LG Electronics likely to be listed on Indian stock exchange!!!
LG Electronics likely to be listed on indian stock exchange!!!
South Korea's giant lg Electronics may launch its IPO (Initial Public Offering) in India. The company is seriously considering this. lg Electronics has set a target of $75 billion revenue for its business in india by 2030, to achieve which the company is considering listing the company on the indian Stock Exchange.
According to a Bloomberg report, lg Electronics CEO William Cho said, listing the company in the indian stock market is one of the key options to breathe new life into the decades-old consumer electronics business. This is the first time lg Electronics has said something about listing in the indian stock market, although it has been speculated for a long time.
William Cho took over as CEO in 2021 after working with the lg Group for three decades. He has set a target of $75 billion annual revenue for the consumer electronics business by the year 2030. Whereas in the year 2023, the company's revenue was $65 billion. William Cho told Bloomberg television on the question related to the company's possible IPO launch in india, this is one of the many options that we can consider. He said, there is a lot of curiosity about this among global investors. But nothing is decided at the moment. lg Electronics is not the first South Korean company whose IPO is being discussed. Korean giant automobile company hyundai Motor is also going to launch its IPO in india, for which the company has filed its draft papers with the stock market regulator SEBI. The company is preparing to sell 17.5 percent stake in the IPO. hyundai Motors can raise a total of $3 billion i.e. about Rs 25,000 crore through IPO. That is, this is going to prove to be the biggest IPO of the indian stock market. After approval from SEBI, hyundai Motor's IPO is likely to come by diwali this year.
South Korea's giant lg Electronics may launch its IPO (Initial Public Offering) in India. The company is seriously considering this. lg Electronics has set a target of $75 billion revenue for its business in india by 2030, to achieve which the company is considering listing the company on the indian Stock Exchange.
According to a Bloomberg report, lg Electronics CEO William Cho said, listing the company in the indian stock market is one of the key options to breathe new life into the decades-old consumer electronics business. This is the first time lg Electronics has said something about listing in the indian stock market, although it has been speculated for a long time.
William Cho took over as CEO in 2021 after working with the lg Group for three decades. He has set a target of $75 billion annual revenue for the consumer electronics business by the year 2030. Whereas in the year 2023, the company's revenue was $65 billion. William Cho told Bloomberg television on the question related to the company's possible IPO launch in india, this is one of the many options that we can consider. He said, there is a lot of curiosity about this among global investors. But nothing is decided at the moment. lg Electronics is not the first South Korean company whose IPO is being discussed. Korean giant automobile company hyundai Motor is also going to launch its IPO in india, for which the company has filed its draft papers with the stock market regulator SEBI. The company is preparing to sell 17.5 percent stake in the IPO. hyundai Motors can raise a total of $3 billion i.e. about Rs 25,000 crore through IPO. That is, this is going to prove to be the biggest IPO of the indian stock market. After approval from SEBI, hyundai Motor's IPO is likely to come by diwali this year.