LG Electronics' India unit surpasses its own parent LG Electronics' value in just one day
LG Electronics India, whose shares debuted on Tuesday, is now about 40% more valuable than its own parent. Its shares rose 50% after listing, taking company's value to over $13 billion and helping it overtake its parent LG Electronics' $9.4-billion value. LG Electronics India's IPO also marked best first-day gain for an IPO raising at least ₹10,000 crore since 2010.