LG CNS Submits Securities Registration Statement... Aiming for Listing in February Next Year

Market Capitalization Expected to Reach Up to 6 Trillion Won

LG CNS submitted a securities registration statement to the Financial Services Commission on the 5th and is entering the full-scale public offering process with the goal of listing on the Korea Composite Stock Price Index (KOSPI) market in February next year.

A total of 19,377,190 shares will be offered in this listing. The desired offering price range is from 53,700 KRW to 61,900 KRW per share. The expected market capitalization is projected to be between 5.2027 trillion KRW and 6 trillion KRW. The total number of issued shares of LG CNS (shares to be listed) is 96,885,948 shares.

With the goal of listing on the KOSPI market in February, a demand forecast for institutional investors will be conducted from January 9 to 15, 2025. General subscription for public offering shares will be accepted over two days, January 21 and 22. The lead underwriters for the listing are KB Securities, Bank of America (BoA), and Morgan Stanley. The joint underwriters are Mirae Asset Securities, Daishin Securities, Shinhan Investment Corp., and JP Morgan.

The funds raised through this public offering will be intensively used to strengthen core competencies in digital transformation (DX) fields such as artificial intelligence (AI), cloud, and smart factories, as well as for investments aimed at future growth.

LG CNS is leading the domestic and international DX markets based on global-level capabilities in AI and cloud, which have become indispensable elements in enterprise business.

LG CNS is actively promoting its AI business centered on the 'AI Center,' which integrates AI business discovery, research, and execution organizations, and the 'Gen AI Studio,' which supports corporate clients' innovation using generative AI. In the cloud sector, LG CNS has established itself as a leading managed service provider (MSP) in Korea. It excels in reliably transitioning and operating IT systems of clients with limited cloud experience into cloud environments, and leads the industry through close partnerships with top global cloud companies such as Amazon Web Services (AWS), Microsoft (MS), and Google Cloud.

Hyun Shin-kyun, CEO of LG CNS, stated, "Based on approximately 40 years of accumulated IT capabilities, we have grown into a 'Digital Business Innovator' that transforms customers' business value," and emphasized, "Through this initial public offering (IPO), we will leap forward as a global DX specialist company based on differentiated DX technologies such as AI and cloud."