South Korea’s internet only lender Kbank has set the price of its initial public offering at the bottom end of its proposed range, aiming to raise about 570 billion won which is roughly 345 million dollars, as it seeks to secure strong investor demand amid cautious market conditions.
The bank plans to sell around 60 million shares at between 8,300 won and 9,500 won per share, with the final pricing reflecting a conservative strategy after previous listing attempts failed to attract sufficient investor interest. Executives said the lower valuation is designed to improve market reception and increase the chances of a successful listing.
Kbank is targeting a listing on South Korea’s main KOSPI exchange, marking its third attempt to go public. The company has adjusted its valuation and peer comparisons to align with current investor expectations and tougher capital market conditions.
Proceeds from the IPO are expected to strengthen the bank’s capital base and support expansion into new financial products, digital platforms, and future growth areas. Analysts say the decision to price at the lower end reflects broader investor caution toward fintech and high growth financial companies as interest rates remain elevated and global markets remain volatile.
If successful, the listing could give Kbank additional regulatory capital and provide fresh momentum for its digital banking expansion, even as it balances growth ambitions with the need to win long term investor confidence following earlier IPO setbacks.
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