Travel Wallet names lead underwriters for upcoming IPO
Travel Wallet, a Korea-based foreign exchange and payments fintech company, said Friday it signed underwriting contracts with its lead securities firms and began converting its accounting standards to international rules, as it prepares for a 2027 listing on Kosdaq, Korea's tech-heavy secondary stock market. The company said it has completed underwriting agreements with KB Securities and NH…
Travel Wallet, a Korean fintech company specializing in foreign exchange and payments, has announced the appointment of KB Securities and NH Investment & Securities as its lead underwriters for its upcoming IPO scheduled for 2027. The company is set to list on Korea's tech-oriented secondary stock market, Kosdaq. After signing underwriting contracts with the two firms, Travel Wallet is now in the process of aligning its financial reporting practices with International Financial Reporting Standards (IFRS), the universally recognized accounting rules.
The transition to IFRS, which is typically mandatory for companies listing on major exchanges, is being handled by Samjong KPMG, a Korean subsidiary of the global accounting firm KPMG. So far, Travel Wallet has completed two rounds of on-site reviews with Samjong KPMG to update its financial reporting system and accounting policies accordingly.
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- Travel Wallet names lead underwriters for upcoming IPO koreatimes.co.kr
