MUMBAI -- Shares of appliance maker LG Electronics' Indian unit soared 50% from their initial public offering price in their debut on Tuesday, days after the company completed one of the country's most oversubscribed billion-dollar initial share sales.
IPO
LG Electronics' India arm rises 50% in market debut
From Middle East to Northern Europe, IPO attracts global money
LG Electronics is following in the footsteps of its South Korean peer Hyundai Motor, which listed its local unit in India's largest initial public offering last year. © Reuters
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