South Korea's LG CNS shares dropped below the initial public offering (IPO) price on Wednesday following the country's largest stock listing in three years. The shares opened at 60,500 won and were trading at 57,900 won, lower than the issue price of 61,900 won. LG CNS, an IT, cloud, and AI services provider, had set its IPO price at the top end of its valuation range, raising 1.2 trillion won ($827.1 million). This IPO marks the largest since LG Energy Solution's $10.74 billion listing in 2022.