LG Electronics' initial public offering (IPO) in India exceeded expectations, driven by robust demand from retail, institutional, and foreign investors. The IPO was oversubscribed multiple times, reflecting strong market confidence. Prior to the official listing, grey market premiums indicated high investor optimism. On its debut, LG Electronics' stock surged over 50%, underscoring the company's brand strength and strategic focus on local manufacturing. Analysts highlighted favorable market conditions in India's consumer electronics sector as a key factor in the IPO's success.
LG Electronics IPO Soars with 50% Surge on Listing Day
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