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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Jisun] LG CNS, a digital transformation (DX) specialist, has officially submitted its securities registration to the Financial Services Commission, marking the beginning of its initial public offering (IPO) process. The company aims to be listed on the KOSPI by February 2025.
LG CNS plans to offer a total of 19,377,190 shares in its IPO. The proposed offering price range is between 53,700 and 61,900 KRW per share. The expected market capitalization following the listing is projected to be between 5.2 trillion and 6 trillion KRW.
The total number of shares to be issued by LG CNS is 96,885,948, with the IPO proceeds earmarked for strengthening key capabilities in artificial intelligence (AI), cloud computing, and smart factories, as well as for investment in future growth initiatives.
The company will begin the institutional investor demand forecast from January 9 to January 15, 2025. Following that, public subscription will be open to retail investors on January 21 and 22, 2025.
The leading underwriters for this IPO are KB Securities, Bank of America (BoA), and Morgan Stanley, with additional joint underwriters including Mirae Asset Securities, Daishin Securities, Shinhan Investment Corp., and JP Morgan. LG CNS primarily operates in AI and cloud sectors, catering to business enterprises.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
