LG Electronics India faces market test after Oct. 14 listing

The stock price of LG Electronics’ Indian unit is set to face tests after its listing on the Indian stock market Oct. 14, with both optimism and pessimism coexisting over the much-touted stock’s trajectory. Market watchers cast a rosy outlook for the fundamentals of LG Electronics India's (LGEI) business, citing its strong market dominance, profitability indicators and margin improvements that outpace rivals. At the same time, however, they point out that the momentum could be limited since the listing is an offer for sale (OFS) of shares previously held by LG Electronics headquarters, meaning none of the proceeds go to LGEI. According to LG Electronics regulatory filings and LGEI’s prospectus, LG Electronics will unload a 15 percent stake in LGEI at a price band between 1,080 and 1,140 rupees per share, which is expected to raise between 1.74 trillion won ($1.24 billion) and 1.84 trillion won. While the exact offering price will be set when the subscription finishes Oct. 9, multiple Indian media outlets expect it to be finalized at the upper end of the price band, citing demand fWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times