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  • 2 months ago
On Monday, LG Electronics saw its stock price increase by over 8% after South Korean media outlet Hankyung revealed the firm is gearing up for a pre-IPO fundraising initiative for its robotics division, Bear Robotics, in preparation for a Nasdaq listing. LG is said to own a 56.9% share in the Silicon Valley-based company, which has enlisted Bank of America to manage the fundraising effort. Reports indicate that Bear Robotics aims to secure as much as 400 billion won, approximately $297 million, with a projected valuation of around 2 trillion won. This development contributes to a remarkable year for LG's stock, which has experienced significant growth as investors show confidence in the company's shift from traditional appliances to AI-powered robotics and humanoid technology.
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This video contains stock footage and content created or enhanced using AI-assisted tools.

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Transcript
00:00LG Electronics just had one of its best trading days of the year.
00:03Shares jumped more than 8% on Monday after reports surfaced
00:07that the company is preparing a pre-IPO funding round for its robotics subsidiary.
00:13Bear Robotics, ahead of a planned NASDAQ listing,
00:16LG reportedly holds nearly 57% of the Silicon Valley-based firm
00:21and has tapped Bank of America to lead the fundraising push.
00:24Sources say Bear Robotics is looking to raise up to $400 billion won.
00:29Roughly $297 million at a valuation of about $2 trillion won.
00:34It's the latest chapter in a remarkable turnaround story.
00:38LG, a company most people associate with refrigerators and televisions,
00:42has seen its stock surge this year as investors bet big on its pivot toward AI-driven robotics,
00:48including autonomous service robots and humanoid technology.
00:52If the NASDAQ listing goes ahead,
00:54it would mark one of the biggest robotics debuts to come out of Korea's booming tech sector.
00:59Disclosure, this video contains stock footage and content created or enhanced using AI-assisted tools.
01:04I'll see you next time.
01:04levels.

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