Kbank Moves One Step Closer to IPO after Clearing KOSPI Review
Hey Digital Banking Fanatic!
Kbank just cleared the preliminary review to list on the KOSPI main board, advancing its long-awaited IPO plans in South Korea.
The green light came from the Korea Exchange, roughly two months after Kbank filed for the review. A meaningful milestone, but not the finish line yet.
The numbers help explain the renewed push. In 2024, Kbank posted 1.23 trillion won in operating revenue and 133 billion won in operating profit on a standalone basis.
This is Kbank’s third IPO attempt. Previous approvals in 2022 and 2023 didn’t translate into listings after institutional demand came in weaker than expected.
This time, momentum looks different. Profits are real, scale is clearer, and the market backdrop has shifted.
If you’re tracking how Digital Banking players are navigating public markets in Asia, keep scrolling 👇 Tomorrow, I'll be back in your inbox with more stories on the latest developments in the Digital Banking sector.
Cheers,
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