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Joowan Cho, LG Electronics CEO (LG Electronics) |
[Alpha Biz= Reporter Kim Jisun] LG Electronics CEO Cho Joo-wan mentioned that an IPO for the company's Indian subsidiary is one of the options under consideration. In an interview with Bloomberg TV on the 27th, Cho stated that they are examining the IPO market conditions in India, as well as similar industry IPO cases.
Earlier, during a conference call for the company's Q2 earnings report, LG Electronics had mentioned that while an IPO is being considered from the perspective of enhancing corporate value and financial management, no definitive decisions had been made. Cho reiterated that they have not yet calculated a firm valuation for an IPO and that nothing has been finalized.
However, the growing interest in the Indian market suggests that LG Electronics is actively exploring opportunities there. Cho acknowledged that there is significant interest among global investors in the potential IPO.
Bloomberg reported that over 200 companies have gone public in the Indian stock market this year alone, raising about $7.1 billion (approximately 9.5 trillion KRW). Hyundai Motor is also preparing to list its Indian subsidiary.
LG Electronics' Indian subsidiary recorded sales of approximately 2.086 trillion KRW in the first half of this year. The company also plans to launch a home appliance subscription service in the Indian market by the end of the year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
