LG Electronics Weighs India IPO to Chase $75 Billion Goal

66-year-old firm bets on cooling systems for AI data centers
LG also sees growth in subscription, platform services

WATCH: LG Electronics CEO William Cho speaks to Bloomberg about business strategy, growth areas and what sets their AI apart.Source: Bloomberg

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By Shery Ahn and Yoolim Lee

August 26, 2024 at 11:00 PM UTC

Updated on

August 27, 2024 at 5:59 AM UTC

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LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030.