K Bank Selects NH Investment & Securities and Samsung Securities as IPO Underwriters

K Bank selects NH Investment & Securities and Samsung Securities
as preferred underwriters for IPO

K Bank announced on the 18th that it has selected NH Investment & Securities and Samsung Securities as the preferred underwriters for its IPO.

Previously, in March, K Bank's board of directors formalized its plans for an initial public offering (IPO) and began the listing process with the aim of being listed on the Korea Exchange (KOSPI). Last month, the company sent requests for proposals (RFPs) to major domestic securities firms and, after a review process, finalized the selection of its underwriters.

The two securities firms selected this time were highly rated for their deep understanding of the internet banking sector and the financial industry as a whole, as well as their extensive experience in managing large-scale IPOs.

K Bank plans to sign final underwriting agreements with NH Investment & Securities and Samsung Securities within this month, conduct due diligence and related procedures, and submit a preliminary listing review application to the Korea Exchange in the second half of the year.

A K Bank representative stated, "We selected the underwriters based on their understanding of internet banking, the overall financial industry, and their IPO experience," adding, "With thorough preparation, we plan to ensure that our corporate value is properly recognized."