bullish

LG CNS

LG CNS Pre-IPO - Thoughts on Valuation - Retail Demand Appears Hot, Digestible Val at Bottom End

763 Views19 Dec 2024 10:10
LG CNS (LGCNSZ KS) is looking to raise around US$850m in its upcoming Korea IPO. In this note, we discuss our thoughts on valuation.
What is covered in the Full Insight:
  • Introduction
  • Market Outlook
  • Valuation Thoughts
  • Peer Comparisons
  • Conclusion
Boomeranged on Tue, 7 Jan 2025 13:48
LG CNS has launched its bookbuild its raise US$815m from its Korean IPO. The final IPO price range is unchanged from its initial indicative price range. In our view, the upside potential at the bottom end appears somewhat limited, thus, while we would take the deal, we would ideally like a wider discount from the bottom end of the price range.
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