LG Philips IPO: shattering glass?

The mother of all glass panel producers begins its assault on the NYSE and KSE.

The leading company in the only sector where Asia has complete world dominance began pre-marketing its IPO this Monday via joint bookrunners LG Securities, Morgan Stanley and UBS. TFT-LCD producer LG Philips LCD is hoping to become the first company to secure a simultaneous listing on the Korean and New York stock exchanges.

LGP is not only widely acknowledged as one of Asia's premier companies, but is also a global giant thanks to the increasing use of flat panels in electronic goods such as telephones, computers and televisions. If market conditions are conducive, it may raise more than $1.8 billion, beating SMIC as the year's largest Asian IPO and...

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