Online lender K Bank eyes IPO in Feb 2025 at lower valuation

Quick Summary:

K Bank, a South Korean online lender, is making a new attempt to list on the Korean stock market in February 2025 as Bitcoin’s record-breaking bull run led to a sharp increase in its deposits.

K Bank’s existing shareholders, including card processing company BC Card and Woori Bank, are likely to unload a smaller number of shares in the IPO than they planned.

It may have to compete with other high-profile IPOs such as IT company LG CNS Co., Seoul Guarantee Insurance Co.and machine tool maker DN Solutions Co., which are also preparing to list on the Kospi bourse between January and March next year.

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Article Details

Category: Economy

Markets: South Korea

Topics: List Valuation Stock Price Bank’s February Korean Korea Exchange Market Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 19:14:30 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 24535733

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About Korea Economic Daily

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Official Website: kedglobal.com

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