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LG Philips gets approval for IPO

The second-largest manufacturer of LCD panels in the world receives domestic regulatory approval to proceed with its initial public offering.

Michael Kanellos Staff Writer, CNET News.com
Michael Kanellos is editor at large at CNET News.com, where he covers hardware, research and development, start-ups and the tech industry overseas.
Michael Kanellos
LG Philips, the second-largest manufacturer of LCD panels in the world, has received domestic regulatory approval to proceed with its initial public offering slated for July 14, the company said. LG Philips, a joint venture between Royal Philips Electronics of the Netherlands and Korea's LG Electronics, will attempt to raise $2 billion. The stock will be traded on exchanges in Seoul, South Korea, and New York City.