Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>K Bank is the biggest IPO in Korea in 2024. The IPO price range is from 9,500 won to 12,000 won. It is offering 82 million shares in this IPO.</li>
<li>According to the bankers' valuation, the expected market cap of the company is from 4.0 trillion won to 5.0 trillion won.</li>
<li>The IPO deal size is 779 billion (US$579 million) to 984 billion won (US$732 million). </li>
</ul>


K Bank is the biggest IPO in Korea in 2024. The IPO price range is from 9,500 won to 12,000 won. It is offering 82 million shares in this IPO.
According to the bankers' valuation, the expected market cap of the company is from 4.0 trillion won to 5.0 trillion won.
The IPO deal size is 779 billion (US$579 million) to 984 billion won (US$732 million). 


K Bank IPO - The Biggest IPO in Korea in 2024

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

<ul>
<li>FSS's leaked IPO guidelines include new, highly attention-grabbing additions: specifically, the disclosure of extra information from the bookbuilding and lockup results not mentioned in May.</li>
<li>Institutions submitting prices outside the indicative band must be disclosed by KRX investor type. Additionally, average placed price information for lockup-pledged investors must be disclosed.</li>
<li>FSS will distribute new IPO guidelines this week and apply them from next month. Major IPOs like K Bank must disclose more detailed bookbuilding and lockup results, impacting trading dynamics.</li>
</ul>


FSS's leaked IPO guidelines include new, highly attention-grabbing additions: specifically, the disclosure of extra information from the bookbuilding and lockup results not mentioned in May.
Institutions submitting prices outside the indicative band must be disclosed by KRX investor type. Additionally, average placed price information for lockup-pledged investors must be disclosed.
FSS will distribute new IPO guidelines this week and apply them from next month. Major IPOs like K Bank must disclose more detailed bookbuilding and lockup results, impacting trading dynamics.


Korea's New IPO Bookbuilding & Lockup Results Disclosure Rule, Effective from August

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points.</li><li>The market is still waiting for a breakout signal from the index in the short term after it continued to fluctuate sideways in the range of 1,320-1,332 points for the eighth day.</li><li>It is currently being determined whether the index will move in an upward direction (W-shape) to 1,346/1,362 points or reverse to a downward direction (M-shape) to 1,292 points.</li></ul>

Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points.The market is still waiting for a breakout signal from the index in the short term after it continued to fluctuate sideways in the range of 1,320-1,332 points for the eighth day.It is currently being determined whether the index will move in an upward direction (W-shape) to 1,346/1,362 points or reverse to a downward direction (M-shape) to 1,292 points.

Keep a Close Watch on Thai Banks' Earnings

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>In this note, we will look at the Asia Pacific IPO pipeline for 2024, following up with Japan &amp; Korea, after having looked at Hong Kong and India earlier.</li>
<li>This list has been compiled on a best effort basis from tracking the company filings and through various other sources</li>
<li>The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.</li>
</ul>


In this note, we will look at the Asia Pacific IPO pipeline for 2024, following up with Japan &amp; Korea, after having looked at Hong Kong and India earlier.
This list has been compiled on a best effort basis from tracking the company filings and through various other sources
The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.


Aequitas 2024 Asia IPO Pipeline - Japan & Korea

<ul><li>The BoT is facing escalating pressure to cut its policy interest rate after having raised it by 200 bps since August 2022 to 2.50% at present.</li><li>Thai banks will begin reporting their 4Q23 earnings results this week.</li><li>KTB's 2023E net profit is expected to have improved by 17% YoY to Bt39.9bn.</li></ul>

The BoT is facing escalating pressure to cut its policy interest rate after having raised it by 200 bps since August 2022 to 2.50% at present.Thai banks will begin reporting their 4Q23 earnings results this week.KTB's 2023E net profit is expected to have improved by 17% YoY to Bt39.9bn.

SET to Retreat, But Downside Risk Is Limited; Maintain Trading Buy Recommendation

South Korea

K Bank Co. Ltd. operates banking businesses. The Company provides deposits, withdrawals, loans, and other services. K Bank conducts businesses in South Korea.

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K Bank (279570 KS)

K Bank IPO - The Biggest IPO in Korea in 2024

K Bank is the biggest IPO in Korea in 2024. The IPO price range is from 9,500 won to 12,000 won. It is offering 82 million shares in this IPO.

Douglas Kim

Korea's New IPO Bookbuilding & Lockup Results Disclosure Rule, Effective from August

This post investigates the FSS's revised IPO prospectus guidelines, set for release later this week, with a focus on the enhanced disclosure rules...

Sanghyun Park

Keep a Close Watch on Thai Banks' Earnings

Technically, the SET Index is expected to move sideways, with the support at 1,320/1,317 points and the resistance at 1,332/1,346 points. The...

Krungthai XSpring

Aequitas 2024 Asia IPO Pipeline - Japan & Korea

In this note, we will look at the Asia Pacific IPO pipeline for 2024, following up with Japan & Korea, after having looked at Hong Kong and India...

Sumeet Singh

SET to Retreat, But Downside Risk Is Limited; Maintain Trading Buy Recommendation

The BoT is facing escalating pressure to cut its policy interest rate after having raised it by 200 bps since August 2022 to 2.50% at...

Krungthai XSpring

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52-week Range

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