In today’s briefing:
- K-Bank’s IPO Cancellation: What Led to This Move and Plan for a Comeback
K-Bank’s IPO Cancellation: What Led to This Move and Plan for a Comeback
- The institutional demand forecasts were much worse than expected, leading to the company’s blunt admission in the latest filing that the book-building flopped, prompting them to cancel the IPO.
- Bankers NH and KB suggested an offering price below 8,500 KRW, but pre-IPO backers like Bain Capital and MBK strongly opposed, unhappy with shrinking proceeds, pushing for cancellation.
- K-Bank plans to regroup and adjust the heavy 50% secondary share portion to retry the IPO in six months before their prelim review window expires.
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