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K-Bank |
[Alpha Biz= Reporter Kim Sangjin] K-Bank has announced another delay in its initial public offering (IPO) on the KOSDAQ, attributed to weaker-than-expected demand forecasts.
On the 18th, K-Bank stated that it would postpone its IPO and aims to expedite a revised plan.
After receiving approval for its listing application in August, K-Bank submitted a securities registration statement last month and had been preparing for the IPO.
The bank mentioned, "While we confirmed high interest and expectations from institutional investors through investor presentations and meetings during the listing process, we determined that the current public offering structure, which involves a total of 82 million shares, would not generate sufficient investment demand for a successful listing."
K-Bank plans to enhance the public offering structure based on feedback from institutional investors and the demand forecast results, with the intention to restart the IPO process in early next year.
Previously, K-Bank had set the public offering price following the demand forecast and was scheduled for general subscription on the 21st and 22nd, with the listing set for the 30th.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
