Internet-only bank Kbank has passed the preliminary review for listing on the Korea Exchange (KRX) main board.
On the 12th, the Korea Exchange (KRX) Stock Market Division said it had determined Kbank eligible in the preliminary review for a new listing. It comes about two months after Kbank applied for the preliminary review in Nov. last year.
Kbank posted 1.2258 trillion won in operating revenue and 133 billion won in operating profit on a separate basis in 2024. The current largest shareholder, BC Card, holds 33.7% equity.
This is Kbank's third attempt at an initial public offering (IPO). Previously, Kbank won preliminary listing approvals from the exchange in 2022 and 2023 but withdrew due to weak demand forecasts from institutional investors.