Search results for Hanpass
Finance
Middle East-led oil and currency shock raises uncertainty in financial markets
South Korea\'s financial markets are seeing sharp volatility as a Middle East-driven oil shock sends the KOSPI plunging and lifts uncertainty. Concerns over prolonged high oil prices have pushed the won-dollar exchange rate up to 1,500 won, widening stock-market swings and prompting warnings about overheated leverage as some credit trading is halted. Regulators, banks and brokerages are stepping up risk management, while authorities also move to crack down on unfair trading and strengthen preventive supervision.
Finance
Hanpass sets IPO price at top end of range at 19,000 won after strong bookbuilding
Hanpass set its initial public offering price at the top end of its indicated range, 19,000 won, after drawing strong demand from institutional investors. The company said 2,229 domestic and overseas institutions took part in bookbuilding from March 6 to 12, posting a competition rate of 1,172.59 to 1. It expects to raise about 20.9 billion won and have an estimated market value of about 200 billion won after listing.
Finance
Korean fintech firms step up IPO push on growth and technology
Korean fintech companies are accelerating initial public offering plans, highlighting growth and technological capabilities. Industry interest is picking up after K Bank succeeded in listing on the KOSPI. Possible next candidates include Viva Republica, BankSalad, Korea Credit Data and HabitFactory, while Hanpass is preparing a KOSDAQ listing. Companies are also pointing to profitability, security and system stability as key conditions for successful listings.
