Latham Advises LG Electronics India on US$1.3 Billion IPO
Latham & Watkins has advised LG Electronics India Limited on its US$1.3 billion initial public offering (IPO) on the National Stock Exchange of India Limited (NSE). The transaction represents the third largest IPO in India in 2025 to date.
Latham has closed three India IPOs in three business days — advising on the US$338 million IPO of WeWork India on the BSE and NSE, and advising Tata Capital Limited on its US$1.75 billion IPO on the BSE and NSE, representing the largest IPO in India in 2025 to date and the largest-ever IPO by an Indian non-banking financial company. Last year Latham advised on the largest IPO in India in 2024 — Hyundai Motor India Ltd. on its US$3.3 billion IPO on the BSE and NSE — and the second largest IPO in India in 2024 — Swiggy’s US$1.35 billion IPO on the BSE and NSE.
The Latham team was led by Singapore partner Rajiv Gupta and Hong Kong partner Steve Kang, with Seoul counsel Diona Park, Singapore associates Esha Goel, Bijun Huang, and Jeffy Katio, and Seoul Foreign Legal Consultant Su Bin Lee. Advice was also provided on tax matters by Chicago partner Rene de Vera and New York partner Aaron Bernstein, with Chicago associate Valerie Silva.
About LG Electronics India
LG Electronics India Limited, a wholly owned subsidiary of LG Electronics, South Korea, was established in January 1997 in India. It is one of the most formidable brands in consumer electronics — Home Entertainment & Home Appliances. LG Electronics has established itself as a premium brand in India by introducing innovative technologies that enhance consumer lifestyles.
About Latham’s India Practice
With over 20 years of experience advising on Indian debt and equity capital markets transactions, Latham has one of the largest and most active India practices among international law firms. The multi award-winning practice comprises more than 50 lawyers globally, and the team has advised on India-related matters with a combined value in excess of US$100 billion since 2018.