New Changes in the IPO Bookbuilding and Valuation Process Disclosure Policies in Korea

• Starting 1 August, there will be several significant changes to the IPO book building and lockup results disclosure polices in Korea.

• When conducting the comps analysis for IPOs, if there are competing companies that are excluded, then the companies need to provide more detailed reasons as to why they are excluded.

• The new, stringent IPO rules are likely to bring about a greater scrutiny on the IPO valuations of newly listed companies in Korea.