LG CNS IPO: Initial Dip, Long-Term Potential?
The LG CNS initial public offering (IPO), aiming to raise $825 million, experienced a rocky start, with shares falling significantly after its debut. While the company reported impressive financials—$2.7 billion in revenue and $196 million in profit during the first nine months of 2024—investor enthusiasm was dampened by several key factors. This analysis explores the challenges and opportunities facing LG CNS, considering its current trajectory and future potential. A Disappointing Debut: Understanding the Initial Dip The less-than-stellar market reception stemmed from a confluence of factors....