LG India IPO: The company wants to resume public supply plans amid the Indian stock market setback | Einsmark news

LG Electronics Inc. Consider reviving an initial public offering of its Indian unit, as soon as September, people who are familiar with the case said. The South Korean company plans to present its preliminary prospectus with updated financial results after the summer, with the IPO possibly already taking place in the fourth quarter, according to the people who asked not to be identified because the information is not public. Bloomberg News reports at the time the market volatility of LG India IPO. The company later said it would make a decision on the plan based on market conditions. Considerations are underway and LG electronics can decide to further delay the bursary trading, people said. A representative for the company declined to comment. LG Electronics India Ltd. -PO would raise up to $ 1.7 billion, making it one of India’s larger rafts. Investors pushed back against the valuation expectations of the parent, people who are familiar with the matter said. LG Electronics India said last month that it intends to invest about $ 600 million in a new factory, its third in the country, in the southeastern state of Andhra Pradesh over four years. The recovery in the Indian stock market bone back Indian share sales after a silence in the first quarter, aided by a stock market setback – the benchmark NSE Nifty 50 index is about 12% higher than a low in March. Although most activities consisted of block trade and follow-up sales, bankers expect the momentum to transfer to IPOs in the second half of the year, with a few billion-dollar plus lists in the pipeline.