LG Is Said to Kick Off Roadshows for $1.5 Billion India IPO

LG Electronics Inc.has started roadshows to meet potential investors in the initial public offering of its Indian unit, people familiar with the matter said.

The South Korean company has recently kicked off the process as it moves forward with the listing plans, the people said, asking not to be identified because the matter is private. LG plans a Mumbai IPO this year, Bloomberg News has reported previously.

Representatives for LG Electronics and its LG Electronics India Ltd.unit declined to comment on the roadshows.

Bloomberg has also reported the IPO could raise $1 billion to $1.5 billion and value ...