BankSalad Targets IPO in Second Half of 2026...Mirae Asset Securities as Lead Underwriter

by Jun Youngjoo

Published 14 Jan.2025 09:02(KST)

BankSalad, a fintech (finance + technology) company specializing in MyData, announced on the 14th that it has selected Mirae Asset Securities as the lead underwriter for its initial public offering (IPO).

BankSalad sent a request for proposal (RFP) to major domestic securities firms in November last year to select the lead underwriter. After a competitive presentation, Mirae Asset Securities was chosen as the final lead underwriter. The company will begin full-scale IPO preparations this year, aiming to list on KOSDAQ in the second half of 2026.

BankSalad plans to create long-term growth momentum based on the strengthened capital through the IPO. It intends to enhance the competitiveness of its comprehensive financial intermediary platform and continuously build differentiated service areas by utilizing personalized deep data and artificial intelligence (AI) technology. This year, it has also set strategic goals to discover new business models (BM) and further expand its financial product brokerage business.

Previously, BankSalad was the first in Korea to introduce the concept of financial MyData into asset management services in 2017, and has been leading technological and service innovation by actively participating in the formal institutionalization of MyData in 2022. Last year, the application (app) achieved a cumulative 14 million downloads, and in November last year, it reached the monthly break-even point (BEP). Additionally, BankSalad successfully raised Series A funding in 2017, followed by Series B in 2018, Series C in 2019, and Series D in 2022.

A BankSalad representative said, "BankSalad will continue to grow by proving the scalability of its digital financial platform through its growth know-how and solid corporate culture. We expect Mirae Asset Securities’ successful experience and market insights to further enhance BankSalad’s value."