[Market Feature] K-Bank Surges Over 7% on First Day of Trading

K-Bank started its first day of trading with an upward trend.

As of 9:07 a.m. on March 5, K-Bank was trading at 8,920 won, up 620 won from its initial public offering price of 8,300 won.

During the institutional investor demand forecast conducted from February 4 to 10, K-Bank recorded a competition ratio of 199 to 1, finalizing its IPO price at 8,300 won. In the subsequent public subscription held for two days starting February 20, the competition ratio was 134.6 to 1. The subscription deposit collected amounted to approximately 9.85 trillion won.

K-Bank, established in January 2016, is Korea's first internet-only bank, offering a wide range of non-face-to-face financial products and services.

This content was produced with the assistance of AI translation services.