Jeong-cheol Bae

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K Bank drops 2025 IPO in 3rd Kospi listing cancellation

Jan 7, 2025 | kedglobal.com | Jeong-cheol Bae

K Bank, a South Korean online lender, said on Wednesday it cancelled an initial public offering again amid the languid stock market and would resume its IPO process in 2026. Industry sources said its IPO met with tepid response in bookbuilding due to a large volume of shares to be unloaded by its existing shareholders, including card processing company BC Card, relative to other public listings.
Sono International seeks IPO in 2025 with $2.1 billion in corporate value

Dec 4, 2024 | kedglobal.com | Jeong-cheol Bae |Seok-Cheol Choi

South Korea’s top resort operator Sono International Co. is seeking an initial public offering of its shares on the Korean market next year, rebooting its IPO plan scrapped in 2019 due to the COVID-19 pandemic. According to investment banking industry sources on Thursday, Sono International, the holding firm of Sono Hospitality Group, is preparing for a Kospi IPO in the first half of 2025.
S.Korean firms’ rights issues poised for 12-year low

Nov 17, 2024 | kedglobal.com | Ik-Hwan Kim |Jeong-cheol Bae

The lackluster South Korean stock market and softening Korea won have put off domestic companies from raising money at home and pushed some of them to look abroad in search of funds. Companies listed on the Korean stock market have raised a total of 4.6 trillion won ($3.3 billion) in rights offerings so far this year, according to the Korea Exchange. For all of 2024, their rights issues are forecast to hit the smallest amount since notching 3.2 trillion won in 2012.
Online lender Kbank withdraws plan for Kospi listing

Oct 18, 2024 | kedglobal.com | Jeong-cheol Bae

Kbank, a South Korean online bank, has postponed its initial public offering (IPO) plan to list on the main bourse Kospi later this month. The digital banking unit of Korean telecom giant KT Corp. announced on Friday that it has filed a notice of withdrawal of its securities registration statement with the Financial Services Commission.
Management dispute brewing at leggings brand Xexymix operator Brand X?

Oct 10, 2024 | kedglobal.com | Jeong-cheol Bae

A leadership change in Brand X Corp., the operator of South Korea’s top leggings brand Xexymix, is spawning speculation that a management control dispute is brewing at the athleisure maker. According to Korea’s top financial market watchdog Financial Supervisory Service, the company recently changed its leadership structure from a joint CEO system, in which Kang Min-joon and Lee Soo-yeon, husband and wife, led the firm, to a single CEO system, in which Lee is the top leader.
Korea’s Gordon Ramsay speeds up move for $63 mn IPO

Sep 6, 2024 | kedglobal.com | Jeong-cheol Bae

TheBorn Korea Inc., a leading South Korean food and beverage group operated by TV celebrity and chef Paik Jong-won, accelerated its move for an initial public offering as early as November to raise up to 84 billion won ($63.1 million) for business expansions through acquisitions and investments in food tech companies. TheBorn Korea on Thursday said it submitted a registration statement to financial regulators for a listing on the benchmark Kospi.
Kbank aims for IPO at a $4 bn valuation in Q4

Sep 5, 2024 | kedglobal.com | Jeong-cheol Bae

Kbank, a South Korean online bank, is preparing to list on the main bourse Kospi at an estimated corporate value of up to 5 trillion won ($3.8 billion) in the fourth quarter of this year in what would be the country’s largest initial public offering this year, according to securities industry sources. It is now assessing its valuation in comparison with bigger domestic peer Kakao Bank Corp. and Brazilian fintech PagSeguro, the sources said on Thursday.
BofA eyes its 1st Korean IPO administration with Okay Financial institution deal

Jul 16, 2024 | newsdirectory3.com | Jeong-cheol Bae

Financial institution of America Indicators (Courtesy of Agence France-Presse and Yonhap)Financial institution of America Corp. (BofA) is quickly increasing its presence in South Korea’s preliminary public providing market, the place JP Morgan and Citigroup International Markets are two key gamers as world funding banks. To date this 12 months, BofA has been named for 3 main upcoming IPOs in Korea – cloud service supplier Megazone Cloud Corp.
BofA eyes its 1st Korean IPO management with K Bank deal

Jul 16, 2024 | kedglobal.com | Jeong-cheol Bae

Bank of America Corp. (BofA) is quickly expanding its presence in the South Korean initial public offering market, where J.P. Morgan and Citigroup Global Markets are two key players as global investment banks. So far this year, BofA has been named for three big upcoming IPOs in Korea – cloud service provider Megazone Cloud Corp.
Korea's IPO growth units file; bubbles burst put up debut

Jul 4, 2024 | newsdirectory3.com | Jeong-cheol Bae

A buying and selling room at Hana Financial institution headquarters in Seoul on July 2, 2024 South Korea’s preliminary public choices had been oversubscribed 1,610 occasions within the first half of this yr, the very best charge ever for a half-year interval, led by particular person traders eyeing important beneficial properties on a inventory buying and selling debut.