{"id":1284714,"date":"2024-08-27T10:30:11","date_gmt":"2024-08-27T05:00:11","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1284714"},"modified":"2024-08-27T10:36:10","modified_gmt":"2024-08-27T05:06:10","slug":"lg-india-planning-ipo-for-indian-share-market-can-they-fulfill-75-billion-revenue-goal","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/lg-india-planning-ipo-for-indian-share-market-can-they-fulfill-75-billion-revenue-goal\/","title":{"rendered":"LG India Planning IPO For Indian Share Market: Can They Fulfill $75 Billion Revenue Goal?"},"content":{"rendered":"\n

LG Electronics, a major South Korean consumer electronics company, is considering an initial public offering (IPO) for its Indian subsidiary, LG Electronics India. CEO William Cho stated that an IPO in India is one of several options the company is weighing<\/a> to revitalize its consumer electronics business, which has been in operation for decades<\/a><\/a><\/a>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

India: A Booming Market for LG<\/h2>\n\n\n\n

India is a key market for LG, where it competes directly with fellow South Korean giant Samsung Electronics. In the first half of 2024, LG’s revenue from India rose by 14% to a record 2.87 trillion won (\u20b918,108 crore), while its net income jumped 27% to 198.2 billion won (\u20b91,250 crore)<\/a><\/a>.<\/p>\n\n\n\n

Tapping into India’s IPO Boom<\/h2>\n\n\n\n

LG’s potential IPO would coincide with a surge in India’s capital markets. So far in 2024, 189 companies are looking to raise $5.6 billion (\u20b947,001 crore) through share sales, making it one of the busiest markets globally<\/a><\/a>. At least 30 IPOs have entered India’s pipeline, driven by strong demand from domestic investors.<\/p>\n\n\n\n

Pursuing a $75 Billion Revenue Goal<\/h2>\n\n\n\n

LG has set a target of growing its electronics business to an annual revenue of 100 trillion won ($75 billion) by 2030, compared to overall company revenue of about $65 billion in 2023. The company aims to achieve this by earning more from enterprise clients and expanding its subscription and streaming services<\/p>\n\n\n\n

Cautious Approach<\/h2>\n\n\n\n

While exploring the possibility of an IPO in India, CEO William Cho emphasized that nothing has been confirmed yet. He also noted that LG has not yet calculated potential valuations for its Indian unit<\/a><\/a><\/a>.Summary: LG Electronics is considering an IPO for its Indian subsidiary to tap into the country’s booming stock market and support its goal of reaching $75 billion in electronics revenue by 2030. India is a key market for LG, where it competes with Samsung and has seen strong growth in recent years.<\/p>\n\n\n\n

<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LG Electronics, a major South Korean consumer electronics company, is considering an initial public offering (IPO) for its Indian subsidiary, LG Electronics India. CEO William Cho stated that an IPO in India is one of several options the company is weighing to revitalize its consumer electronics business, which has been in operation for decades. India: […]<\/p>\n","protected":false},"author":30,"featured_media":1284719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5961,5962],"class_list":["post-1284714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-lg-india","tag-lg-india-ipo"],"acf":[],"yoast_head":"\nLG India Planning IPO For Indian Share Market: Can They Fulfill $75 Billion Revenue Goal? - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/lg-india-planning-ipo-for-indian-share-market-can-they-fulfill-75-billion-revenue-goal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG India Planning IPO For Indian Share Market: Can They Fulfill $75 Billion Revenue Goal? - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"LG Electronics, a major South Korean consumer electronics company, is considering an initial public offering (IPO) for its Indian subsidiary, LG Electronics India. 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