LG CNS prices IPO at top of indicated range (updated)

LG

17/01/2025 08:48

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       SEOUL, Jan 17 (Reuters) - South Korean IT services
provider LG CNS said on Friday it has priced its initial public
offering at the top of its targeted range, to raise 1.2 trillion
won ($823.31 million).     
        LG CNS said it plans to sell 19,377,190 shares at 61,900
Korean won a share, compared with its price range of 53,700 to
61,900 won. 
  
        LG Corp  003550.KS  holds a 49.95% stake while a private
equity fund of Macquarie Group owns a 35% stake in the company. 
($1 = 1,457.5400 won)

 (Reporting by Hyunjoo Jin
Editing by Ed Davies)
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))