LG CNS

[Alpha Biz= Kim Jisun] LG CNS, considered one of the major initial public offerings (IPOs) of the year, set its final offering price at 61,900 KRW on the 17th.

The company conducted a demand forecast for institutional investors from the 15th, attracting participation from 2,059 institutions, resulting in a competitive ratio of 114:1. The total amount of funds raised during the demand forecast was approximately 76 trillion KRW.

Notably, around 99% of the participating institutional investors proposed prices at or above the top-end of the price range (53,700 to 61,900 KRW). The expected market capitalization of LG CNS following its listing is approximately 6 trillion KRW.

LG CNS will hold a public offering for general investors on the 21st and 22nd of this month. Subscriptions can be made through KB Securities, Mirae Asset Securities, Shinhan Investment Corp., Daishin Securities, NH Investment & Securities, and Hana Securities. The expected listing date is set for the 5th of next month.

 

 

 

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