Top Korea Listing in Years Flops in Debut as IPO Fever Cools
- LG software unit’s share float was the largest since LG Energy
- Kospi debut comes as AI software firms in focus after DeepSeek
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South Korea’s biggest new listing in more than two years got off to a weak start as LG CNS Co. fell on its Seoul trading debut after a 1.2 trillion won ($821 million) initial public offering.
Shares of the diversified technology-services unit of LG Group sank 9.9% to 55,800 won, while the broader Kospi index rose 1.1%. That’s amid concerns the stock was overpriced in the recent IPO, when it was sold at the top of the marketed range after it was snapped up by local investors.