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 Korea-based fintech company specializing in foreign exchange and payments, has secured its lead underwriters for its upcoming IPO scheduled for June 2027. The company has entered into underwriting agreements with KB Securities and NH Investment & Securities, which will serve as the primary underwriters for its initial public offering on Korea's tech-focused secondary stock market, Kosdaq.
In preparation for the IPO, Travel Wallet is also transitioning its accounting standards to International Financial Reporting Standards (IFRS), ensuring its financial statements will be comparable on a global scale and in line with requirements for companies listing on major exchanges. The company has partnered with Samjong KPMG, a Korean member firm of the international KPMG network, to assist with the conversion process.
So far, Travel Wallet has completed two on-site reviews with the audit firm 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
