South Korea's LG Electronics has raised the IPO valuation of its Indian business to $15 billion, according to Bloomberg.

After initial feedback from analysts and investors, LG Electronics is considering raising the valuation of its Indian subsidiary to $15 billion for a planned listing in Mumbai next year, the report said, citing people familiar with the matter.

LG plans to start a formal roadshow for LG Electronics India's initial public offering (IPO) in the next two months, targeting a listing in the first half of 2025.

The LG India subsidiary was earlier valued at around $13 billion.