KTB Network Gains Popularity Ahead of IPO... Partial Sale of Existing Shares for 150 Billion Won

Participation of About 10 Major Securities Firms and Asset Management Companies

KTB Investment & Securities Seoul Yeouido Headquarters in Yeongdeungpo-gu (Provided by KTB Investment & Securities)

[Asia Economy Reporter Minwoo Lee] KTB Investment & Securities has decided to sell a portion of its subsidiary KTB Network's shares worth approximately 150 billion KRW through a pre-IPO equity investment. It is expected that KTB Network's planned listing on the KOSDAQ market in the second half of the year will become more active.

KTB Investment & Securities announced on the 25th that it held a board meeting and decided to sell shares of its subsidiary KTB Network. Of the total 80 million issued shares, 28 million shares (35%) are subject to sale. The total sale amount was set at 15 billion KRW. The sale price was determined with a discount from the corporate value in the 700 billion KRW range, which was calculated based on last year's net income.

More than 10 institutions, including major securities firms and asset management companies, will participate in the stock acquisition. About 70% of the total sale volume has been decided to be acquired by financial investors (FI), and the remaining 30% will be invested by strategic investors (SI).

This secondary share sale is expected to further activate KTB Network's listing on the KOSDAQ market in the second half of the year. Additionally, KTB Investment & Securities will secure operating funds necessary for future business expansion.

A KTB Investment & Securities official said, "Many institutional investors participated in this sale, showing investment intentions exceeding the prepared volume," and added, "Since market interest is high, we will diligently prepare for the IPO to provide investors with good investment opportunities."

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