LG Electronics India IPO Valuation Analysis
Our base case valuation of LG Electronics India is implied market cap of 1,256 billion INR or US$14.7 billion.
Several media accounts have mentioned that LGEI could be targeting a valuation of about US$13 billion to US$15 billion.
LGEI's valuation would need to be about US$13 billion or less in order for us to be Bullish on this IPO.
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