LG India’s IPO valuation could soften to $10.5 billion–$11.5 billion

LG Electronics’ India IPO valuation may dip to $10.5-$11.5 billion amid market slump, down from initial estimates of up to $15 billion. Despite the reduced valuation, the IPO could raise up to $1.7 billion, exceeding previous expectations. The IPO might occur as soon as May, after receiving regulatory approval.