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Dunamu, Naver seek Naver Financial IPO after share swap, listing within up to 7 years

Dunamu disclosed plans to pursue an initial public offering of Naver Financial and a structure for Naver to maintain control after a share swap. A corrected filing said Naver, Dunamu and related parties signed a shareholder agreement on the date of the share-swap contract. The parties agreed to make best efforts to list Naver Financial and to set up an IPO committee within 1 year after the swap. If no listing occurs within 5 years, the period can be extended by up to 2 years.