LG Electronics Indias smaller IPO proved more lucrative for its bankers than Tatas larger deal, with higher fees per bank. While both companies debuted successfully on the Mumbai exchange, LGs offering saw massive oversubscription, highlighting the strong market appetite and premium pricing for the issue.
LG India’s bankers hauled in higher fees than Tata’s bigger IPO
Synopsis
LG Electronics India’s smaller IPO proved more lucrative for its bankers than Tata’s larger deal, with higher fees per bank. While both companies debuted successfully on the Mumbai exchange, LG’s offering saw massive oversubscription, highlighting the strong market appetite and premium pricing for the issue.
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