LG CNS has announced plans to initiate the listing process on the stock market aiming for a listing in February next year. On December 5, they submitted a securities registration statement to the Financial Services Commission.
In this listing, LG CNS plans to offer a total of 19,377,190 shares. The desired public offering price ranges from 53,700 to 61,900 KRW, with the expected market capitalization estimated to be between 5.2027 trillion and 6 trillion KRW. The total number of issued shares (planned listed shares) for LG CNS is 96,885,948.
LG CNS will conduct a demand forecast for institutional investors from January 9 to 15, 2025, and will accept general public subscriptions for two days on January 21 and 22.
The main underwriters for the listing are KB Securities, Bank of America (BoA), and Morgan Stanley, while the co-underwriters are Mirae Asset Securities, Daishin Securities, Shinhan Investment Corp, and JP Morgan.
The funds raised from this public offering will be primarily used by LG CNS to strengthen core capabilities in digital transformation areas such as AI, cloud, and smart factories, and to invest in future growth.
LG CNS is actively pursuing its AI business with a focus on the ‘AI Center’, which integrates AI business development, research, and execution, as well as the ‘Generative AI (Gen AI) Studio’ that supports corporate clients’ innovation through generative AI.
Additionally, in the cloud sector, LG CNS has established itself as a cloud managed service provider (MSP). They excel in transitioning and operating IT systems of clients lacking cloud expertise into a secure cloud environment and are leading the industry through close partnerships with global top cloud companies like Amazon Web Services (AWS), Microsoft, and Google Cloud.
Hyun Shin-kyun, CEO of LG CNS, stated, “LG CNS has grown as a ‘Digital Business Innovator,’ innovating the business value for clients based on IT capabilities accumulated over approximately 40 years,” emphasizing, “Through this IPO, we aim to leap forward as a global DX specialist company, leveraging differentiated DX technologies in AI and cloud.”