I Thought LCD's Were Out

The LG.Philips LCD Corporation, the Computer repair shop Toronto globe's second-largest maker of liquid-crystal shows, lifted $1 billion within an Preliminary public supplying to finance new flat-display screen vegetation, bankers who managed the sale said. The undertaking, based in Computer repair Toronto Seoul, South Korea, involving LG Electronics Inc. and Royal Philips Electronics marketed eight.sixty four million shares to Korean investors at 34,500 won Every single, raising about $259.2 million. The company also marketed forty nine.92 million American depository shares at $fifteen, the reduced conclude of a get more info $15-to-$eighteen price assortment in the Securities and Exchange Fee submitting on July 9. Following the initial community supplying, LG Electronics and Philips Electronics Every single Possess a 42.two percent stake in the corporate.

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