LG CNS Begins Taking Orders for Korea’s Biggest IPO Since 2022
- IPO tests demand for stocks in country amid political turmoil
- Company plans to price shares next week, list on Feb. 4
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LG Corp.’s tech-services unit started taking orders for an initial public offering in Seoul that may raise as much as 1.2 trillion won ($816 million), which would make it South Korea’s largest IPO in three years.
LG CNS Co., whose services include cloud and warehouse management, is accepting bids until Jan. 15, according to terms of the deal seen by Bloomberg. The company and an entity owned by Macquarie Korea Asset Management Co. are offering 19.4 million shares at 53,700 won to 61,900 won apiece.