Korea Business News Agency - NSP NEWS.

(Seoul=NSP NEWS AGENCY) = LG CNS, a leading AX (AI Transformation) company, garnered significant interest from general investors during its public offering subscription held on January 21 and 22, collecting deposits exceeding KRW 21 trillion.

A total of 683.17 million shares were applied for against the 5.557 million shares allocated to general investors, resulting in a subscription competition ratio of 122.9:1. The total subscription deposits reached KRW 21.1441 trillion. These figures represent preliminary totals and do not account for duplicate subscriptions.

Earlier, during the demand forecast conducted from January 9 to 15, 2,059 domestic and international institutions participated, recording a competition ratio of 114:1.

The company is set to finalize payment on January 24 and will debut on the Korean Stock Exchange (KOSPI) on February 5. The IPO is jointly managed by KB Securities, Bank of America (BoA), and Morgan Stanley, with Mirae Asset Securities, Daishin Securities, Shinhan Investment, and JP Morgan serving as co-managers.
With the funds raised through this IPO, LG CNS plans to invest in the development of future growth engines, including research and development in DX (Digital Transformation) technologies such as AI and cloud, as well as strengthening its global competitiveness.

The final public offering price for LG CNS was set at KRW 61,900, the upper limit of the proposed range (53,700 KRW-61,900 KRW). The company’s market capitalization after listing is expected to reach approximately KRW 6 trillion.

By Eun-young Huh(eunyoung114@nspna.com) and Bok-hyun Lee(bhlee2016@nspna.com)

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