Search results for institutional bookbuilding
Finance
Hanpass posts 1,673.04-to-1 ratio in retail IPO subscription
Hanpass posted strong demand in its retail subscription for an initial public offering, recording a 1,673.04-to-1 competition ratio over the two-day period from March 16 to 17, the company said on Monday. It logged about 510,000 subscription bids and about 437 billion won in deposits. In earlier institutional bookbuilding, 2,229 domestic and overseas institutions participated, with a 1,172.59-to-1 ratio, fixing the offering price at 19,000 won.
Finance
Hanpass seeks first overseas remittances IPO amid Middle East uncertainty
Hanpass, a mobile overseas remittance platform targeting foreigners living in South Korea, is pursuing a KOSDAQ listing after winning preliminary review approval from the Korea Exchange. It plans to use IPO proceeds for overseas expansion, service upgrades and new products, including an app for visitors and a loan comparison service. Revenue rose to 55.3 billion won in 2024, though it said accounting changes boosted the figure. It also outlined planned investments in Japan and Australia.
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.