K Bank to go public on Oct. 30, plans to sell 82 million new shares

According to Bloomberg, K Bank plans to go public on October 30, selling 82 million new shares at a price range of 9,500 to 12,000 won per share. K Bank operates exclusively through digital channels and could be valued at up to 5 trillion won (about $3.7 billion).

K Bank posted net income of 85.4 billion won in the first half of this year, more than three times the same period last year. The IPO would be South Korea’s largest since LG Energy Solution Ltd.’s $10.7 billion IPO.

NH Investment & Securities Co., KB Securities Co. and Bank of America Corp. are arranging the IPO.