KB Securities and CS Selected as Lead Underwriters for KakaoBank IPO
[Asia Economy Reporter Lim Chun-han] KakaoBank, which is set to go public next year, has selected KB Investment & Securities and Credit Suisse (CS) as its lead underwriters.
According to industry sources on the 11th, KakaoBank chose KB Securities and CS as the lead underwriters for its initial public offering (IPO), with Citigroup Global Markets Securities named as a joint underwriter.
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KakaoBank selected these three firms through an internal evaluation process, reportedly valuing their realistic approach to corporate valuation analysis and investor recruitment strategies, as well as their ability to effectively communicate with KakaoBank investors.
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