K-Bank raises possibility of delaying IPO listing schedule

K-Bank raises possibility of delaying IPO listing schedule: COMPANY / Reporter Kim Jisun / 2023-01-07 01:45:07

This article is translated by AI company Flitto and Alpha Biz neural machine translation technology

As K-Bank, which is pushing for listing, did not submit a securities report on the 6th, it is highly likely that it will delay its Initial Public Offering (IPO) schedule earlier this year.

According to the financial investment industry, K-Bank did not submit the report by the de facto deadline for submission.

The reason why K-Bank has to submit its report by this day is because of the so-called "135-day rule." It refers to a regulation that requires the listing schedule to be completed within 135 days from the base date of the settlement data included in the overseas investment prospectus (OC) when a public offering is made to overseas institutional investors.

An official from K-Bank said, "There is no change in the promotion of listing," adding, "We will decide on the listing schedule by comprehensively reviewing market conditions."