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.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.