Kbank announced on the 18th that it has selected NH Investment & Securities and Samsung Securities as its preferred lead underwriters.
Earlier, Kbank officially announced its initial public offering (IPO) through a board resolution in March and began the listing process on the Korea Composite Stock Price Index (KOSPI). Subsequently, last month, it sent bidding proposals (RFPs) to major domestic securities firms and selected the underwriters after a review.
Kbank plans to finalize underwriting contracts with NH Investment & Securities and Samsung Securities within this month. Afterward, it intends to submit a preliminary listing application to the Korea Exchange in the second half of the year following corporate due diligence and related procedures.