Toss Considering Sequential Listing on Korean Stock Market After U.S. IPO

Inquiry to Financial Supervisory Service on Designated Auditor Application and Allocation Process
Toss Valued at 10 to 20 Trillion Won

Fintech company Toss (Viva Republica) is considering sequentially listing on the domestic stock market after its initial public offering (IPO) in the United States.

Yonhap News

According to the financial investment industry on March 6, Toss recently inquired with the Financial Supervisory Service about the guidelines for the application and allocation process for a designated auditor, which is required for a domestic listing. The designated auditor application is a procedure in which companies preparing for listing undergo a pre-listing audit by an accounting firm designated by the financial authorities.

Toss has been preparing for a U.S. listing, including holding preliminary consultations with the U.S. Securities and Exchange Commission (SEC) and local stock exchanges. Industry insiders suggest that the listing could take place as early as this year.

There are also observations in the industry that Toss is highly likely to consider listing on the domestic stock market after its U.S. debut. Analysts point out that sequential listings in both markets could be advantageous for capital raising.

Toss is currently valued at around 10 trillion to 20 trillion won.

A Toss representative said, "We are reviewing various scenarios to ensure a successful listing," adding, "We cannot disclose specific details about our plans."

This content was produced with the assistance of AI translation services.