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K-Bank |
[Alpha Biz= Reporter Kim Sangjin] K-Bank has announced that its initial public offering (IPO), the largest of the year, will raise up to 1 trillion won.
On September 9, K-Bank revealed plans to issue 41 million new shares through a public offering. The bank has previously stated that the offering will be evenly split between new shares and existing shares, with this announcement focusing on the new share issuance.
The price range for the IPO has been set between 9,500 and 12,000 won per share. Based on this range, the total offering size is estimated to be between 779 billion and 984 billion won. If the final price is at the upper end of the range, K-Bank is expected to receive 492 billion won from the IPO. The company plans to go public on October 30.
Following the IPO, K-Bank's market capitalization is projected to be between 3.96 trillion and 5.03 trillion won, setting records for both market capitalization and offering size in the IPO market. For comparison, HD Hyundai Marine Solutions, which went public earlier this year, had a market capitalization of 3.71 trillion won and an offering size of 742.2 billion won.
Details on the pricing calculation, comparable companies, and the number of shares sold by existing investors will be included in K-Bank's securities report, which is expected to be submitted later this week. The IPO is being jointly managed by KB Securities, NH Investment & Securities, and Bank of America (BoA) as the lead underwriters.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
