Unprecedented Investor Response to LG CNS's Public Subscription

On January 21 and 22, LG CNS witnessed an overwhelming response to its public subscription for shares, with general investors depositing a staggering 21 trillion 1,441 billion won. A total of 683,171,110 shares were applied for the 5,557,414 shares allocated to general investors, resulting in a competition ratio of 122.9 to 1. This significant interest underscores the strong confidence in LG CNS's market position and growth potential.

Setting the Stage with a Demand Forecast

Prior to the public subscription, a demand forecast from January 9 to 15 involved 2,059 domestic and foreign institutions, recording a competition ratio of 114 to 1. This led LG CNS to finalize the offering price at the upper end of the desired range, at 61,900 won.

LG CNS's Growth Trajectory and Future Plans

As a subsidiary of LG Corp., specializing in IT services and digital transformation (DX) technologies, LG CNS has seen a 70.7% increase in consolidated sales from 2019 to 2023. The company plans to leverage the investment funds from this listing to focus on future growth engines, including AI and cloud computing, and to enhance global competitiveness.

Underwriters and Market Entry

The listing is led by KB Securities, Bank of America (BoA), and Morgan Stanley, with joint underwriters including Mirae Asset Securities and Daishin Securities. The payment process is set for January 24, with LG CNS entering the securities market on February 5. The expected market capitalization post-listing is approximately 6 trillion won.

Investor Confidence in LG CNS's Future

The significant interest from both domestic and foreign investors during the demand forecast and public subscription highlights the confidence in LG CNS's future prospects. The funds raised will support the company's ongoing innovation and expansion in the tech industry, reinforcing its leadership in digital transformation technologies.