LG eyeing USD 15 billion listing valuation for its Indian subsidiary

South Korea’s LG Electronics is reportedly planning to list its Indian subsidiary – LG Electronics India Ltd – on the domestic bourses at a hefty valuation of up to $15 billion.

The company, which is planning to launch a mega IPO in the first of the calendar year 2025, was earlier targeting a valuation of $13 billion.

Both valuations are higher than LG’s market capitalization on the South Korean exchanges. LG’s shares have fallen about 13% this year in Seoul and the company commands a market value of $10 billion.