LG Electronics (KRX:066570) may revive the initial public offering (IPO) of its Indian unit as early as September, with a potential listing in the fourth quarter, Bloomberg reported Thursday, citing multiple industry sources.

The IPO, previously paused in April due to market volatility, could raise to $1.7 billion, though investors had pushed back on the valuation. The company plans to reapply its draft prospectus with updated financials after summer, the report said.

The final IPO timing remains subject to market conditions, it said.

Shares of LG Electronics fell nearly 1% at market close on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)