Samjong KPMG announced on the 3rd that it has established a "corporate public offering (IPO) support center" to systematically assist small unlisted corporations from the initial stages of their establishment to their growth into small and medium-sized enterprises and listed pre-IPO corporations, and to help them settle in the KOSDAQ and securities markets after going public.
Samjong KPMG explained, "In the changing IPO system environment, the 'IPO support center' was launched so that unlisted corporations wishing to participate in the market can achieve public offering through healthy growth and can position themselves as listed corporations capable of receiving medium to long-term value investments."
In January of this year, the government and financial authorities announced an "IPO system reform" that includes mandatory allocation of institutional investors' commitment to hold, strengthening mandatory holding of underwriters' acquisition shares, and limitations on the participation of small private equity firms and investment discretionary firms in demand forecasting.
The center is led by Kang In-hye, executive director of the audit division at Samjong KPMG, who is also the head of the ICT business division 3. It is composed of experts from key industries such as ICT, platform, software, consumer goods, distribution, and manufacturing. Additionally, experts in valuation, mergers and acquisitions (M&A), and taxation are participating as advisors to enhance customized support for corporations.
Kang In-hye, head of Samjong KPMG's IPO support center, stated, "We will provide insights into key preparation items such as necessary internal management procedures for each stage of corporate growth, securing the reliability of financial statements, managing financial risks, and responding to regulatory and supervisory environments," adding, "Based on accumulated expertise and experience, we will actively support through online content and offline seminars."