Viva Republica, which operates Toss, has confirmed that it asked the financial authorities about procedures related to listing on the domestic stock market. It appears Viva Republica is reviewing a plan to list on the domestic market after listing in the United States.
According to the financial sector, Viva Republica recently inquired with the Financial Supervisory Service about guidelines, including the application and allocation procedures for a designated auditor, to prepare for a domestic listing.
Applying for a designated auditor means taking steps to receive a pre-listing audit from an accounting firm designated by the financial authorities.
Viva Republica last year selected JPMorgan and Morgan Stanley as lead managers and is pushing for a listing on the Nasdaq in the United States. It has begun preliminary consultations with the U.S. Securities and Exchange Commission (SEC) for the listing. As Viva Republica has asked the financial authorities about procedures for listing on the domestic stock market, some in the industry say it may be pursuing a domestic listing in parallel.