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Finance

K Bank to start trading on March 5 as investors eye KOSPI rally

K Bank will list on South Korea\'s KOSPI on March 5 after completing its retail IPO subscription. The retail tranche drew a 134.6-to-1 ratio and 9.85 trillion won in subscription deposits, while 2,007 institutions joined bookbuilding with a roughly 199-to-1 ratio. The offer price was set at 8,300 won, implying a market value of about 3.37 trillion won. Analysts cite market conditions and confidence in earnings and growth as key.

Finance

Kbank files registration statement for KOSPI listing, sets IPO price band at 8,300 to 9,500 won

Kbank said it submitted a securities registration statement to South Korea’s Financial Services Commission for a KOSPI listing and has started the IPO process. The offering comprises 60 million shares with an indicative price range of 8,300 to 9,500 won per share. At the top of the range, post-listing market capitalisation is about 4 trillion won and the maximum offering size is 570 billion won. Bookbuilding runs Feb. 4-10, with subscriptions Feb. 20 and 23.