Internet specialized bank Kbank is commencing preparations for its third initial public offering (IPO).
According to the financial sector on 20th, Kbank sent a request for proposal (RFP) for listing on the securities market to major securities firms on the 19th. Kbank plans to select underwriters next month.
Kbank previously prepared for its listing after passing the preliminary listing review in September 2022, but postponed its plans in February 2023 due to a decline in investor sentiment. It then attempted a second IPO last October but withdrew the listing due to poor demand forecasts.