South Korean tech services firm LG CNS drops in market debut (updated)

LG CNS Co

05/02/2025 24:10

(Adds opening share price, milestone)
       SEOUL, Feb 5 (Reuters) - South Korea's LG CNS
 064400.KS  shares fell from the initial public offering (IPO)
price in their trading debut on Wednesday, after conducting the
country's largest stock listing in three years. 
    Shares opened at 60,500 won and were last trading at 57,900
won, down from their issue price of 61,900 won.
    Last month, the IT, cloud and AI services provider priced
its IPO at the top of its targeted valuation range, raising 1.2
trillion won ($827.1 million). 
    The IPO is the largest since LG Energy Solution  373220.KS 
raised $10.74 billion in 2022.

($1 = 1,450.8900 won)

 (Reporting by Joyce Lee and Scott Murdoch; Editing by
Jacqueline Wong)
 ((joyce.lee@tr.com;))