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Stock impact report

LG Is Said to Add Axis to Arrange $1.5 Billion Mumbai Listing [Yahoo! Finance Canada]

Axis Capital Holdings Limited (AXS) 
Last axis capital holdings limited earnings: 1/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: axiscapital.com
Most Read from Bloomberg The South Korean company has selected the Indian bank as it moves forward with a share sale in Mumbai, the people said, asking not to be identified because the matter is private. Representatives for LG Electronics and Axis Capital declined to comment. LG had appointed banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO that may take place as early as next year, Bloomberg News reported in September. LG may seek to raise $1 billion to $1.5 billion from the share sale, which could give LG Electronics India Pvt Ltd. a valuation of about $13 billion, people familiar with the matter have said. India has turned into a hotspot for fundraising via equity capital markets as global investors seek to tap into the country's economic growth. About $49 billion has been raised in the country through IPOs and secondary offerings, about a third of the total in Asia this year, data compiled by Bloomber Show less Read more
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