Kbank, attempting a third initial public offering (IPO), said it created a shareholder-friendly structure by lowering the offer price from before.
On Feb. 5 at a press briefing held at the Conrad Hotel in Yeongdeungpo-gu, Seoul, bank president Choi U-hyeong of Kbank said, "For this listing, we set up a shareholder-friendly offering structure by lowering the offer price compared with before to reflect market expectations and by adjusting the tradable float on the listing day."
Earlier, Kbank also pushed for a listing in 2023 and 2024 but withdrew due to reasons including poor results in demand forecasting.
Choi said, "Through this listing, we will accelerate our entry into the SME (sole proprietors, small and midsize enterprises) market, build a platform business foundation, and strengthen competitiveness in the digital asset field to reemerge as a front-runner in Korea's financial innovation."
With this listing, Kbank will first make a full-fledged push into the SME market. It aims to gradually expand its portfolio, currently centered on household loans, into corporate loans and to balance the share of households and SMEs at 5 to 5 by 2030.
To that end, it will advance its credit scoring system (CSS) and strengthen its lineup of SME-only products. In particular, it plans to actively use its industry-first non-face-to-face real estate-secured loans for sole proprietors to pursue both soundness and growth.
It will also strengthen the platform business base. It will build a product lineup that spans stocks and bonds as well as virtual assets and gold and other alternative investments, and expand partnerships with various lifestyle corporations.
Kbank will finalize the offer price on the 12th after demand forecasting that runs through the 10th. Retail subscriptions will be held over two days, on the 20th and 23rd, and will be available through NH Investment & Securities, Samsung Securities and Shinhan Investment & Securities. The listing day is Mar. 5.
The total offering size is 60 million shares, and the desired offer price is 8,300 to 9,500 won. Based on the top end of the desired range, the offering amount is 570 billion won.
Once the listing is completed, 725 billion won in past paid-in capital from rights offerings will be recognized as capital in calculating the BIS ratio, which is expected to have the effect of inflows amounting to about 1 trillion won.
Meanwhile, as of the end of 2025, Kbank had secured 15.53 million customers, with loan balances of 18.4 trillion won and deposit balances of 28.4 trillion won. From 2020 to 2025, it posted the highest level in the domestic banking sector for five consecutive years in average annual growth rates of deposits and loans (deposits 49.9%, loans 42.8%).