LG Electronics’ CEO Cho Joo-wan has said that the huge business potential in the Indian market is what drove the company to pursue an initial public offering (IPO) in the country.
The offering has a price range established between ₹275 and ₹290 per share, and it is scheduled to open for public subscription on Tuesday, closing on Thursday.
The company estimates the IPO price will be between $4 and $5 per unit. For its nine months ended Sept. 30, Functional Brands had a loss of about $276,000 on revenue of $4.89 million. The company ...