LG Electronics Said to Launch $1.3 Billion India IPO After Pause

LG Electronics Inc.’s India arm is set to launch its initial public offering to raise about 115 billion rupees ($1.3 billion) in the week beginning Oct. 6, according to people familiar with the matter.

This values the company around $9 billion, the people said, significantly below the $15 billion it was expecting in December when the papers were filed the first time.

The South Korean company secured regulatory approval for its updated draft red herring prospectus on Thursday and is preparing to file the final version early next week, the people said, asking not to be identified as the ...