LG Electronics' Indian unit seeks valuation of $8.7 billion in IPO


The logo of LG Electronics is seen during Korea Electronics Show 2024 in Seoul, South Korea, October 23, 2024. REUTERS/Kim Hong-Ji

(Reuters) -LG Electronics India is seeking a valuation of up to 774 billion rupees ($8.71 billion) in its long-delayed initial public offering, tapping into a bustling IPO market with one of India's largest offerings so far this year.

The appliance maker set a price band of 1,080-1,140 rupees per share, a public filing showed on Wednesday. The three-day share sale opens for bidding on October 7. Large anchor investors will be able to place bids on October 6.

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