Investors anticipate a robust debut for LG Electronics India’s IPO, which saw overwhelming subscription. Analysts point to attractive valuations, a debt-free status, and strong returns as key drivers. Despite a slight dip in grey market premium due to broader market sentiment, the company’s competitive pricing and solid business outlook suggest significant listing gains, potentially around 30-35%.
US stocks: Nasdaq, S&P end lower in volatile session as tech stocks retreat
Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel