LG Philips LCD targets NYSE

The world''s largest manufacturer of TFT-LCD panels is preparing one of the largest and most interesting equity offerings from Korea this year, with plans to raise $1 billion from a simultaneous ADR and domestic IPO.

Jackie Horne

February 27, 2003

Final bake-offs for the deal took place in Seoul yesterday (Thursday) between ABN AMRO, JPMorgan, Morgan Stanley, Salomon Smith Barney and UBS Warburg. Experts within the TFT-LCD industry say that alongside LG Securities, two international banks are likely to be chosen.

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