LG India IPO Rockets 50%, Valuation Tops South Korean Parent
LG Electronics India’s initial public offering (IPO) stunned markets on Tuesday, as shares soared 50.4% on their debut to give the company a valuation of $13.07 billion—surpassing that of its South Korean parent. The stock opened at ₹1,710.10 and peaked at ₹1,714.90, against an issue price of ₹1,140. Investor appetite was overwhelming: the IPO raised…