K-Bank IPO Subscription Competition 135 to 1...Deposit Money 9.8 Trillion Won

Listing on March 5...Expected Market Cap of 3.3 Trillion Won

The subscription competition rate for K-Bank's initial public offering (IPO) shares reached 134.6 to 1.

On the 23rd, K-Bank announced that, as a result of conducting the IPO subscription for retail investors over two trading days starting on the 20th, it recorded this level of competition.

A total of 2,374,120,000 shares were subscribed for the 17,640,000 shares allocated to retail investors. The number of subscription applications was 836,599. The corresponding deposit money was tentatively tallied at 9.85 trillion won (including overlapping subscriptions).

After payment on the 25th, K-Bank will be listed on the KOSPI market on March 5. Its expected market capitalization is 3.3673 trillion won.

The lead underwriters are NH Investment & Securities and Samsung Securities. Shinhan Investment & Securities participated as a member of the underwriting syndicate.