Banksalad Files for Preliminary KOSDAQ (Korea Securities Dealers Automated Quotations) Listing Review, Launching IPO Process

[Financial News] Banksalad, a MyData-based financial platform, has officially begun the initial public offering (IPO) process for a KOSDAQ listing.
Banksalad announced on the 2nd that it had submitted an application for a preliminary listing review to Korea Exchange (KRX). Mirae Asset Securities is the lead underwriter.
Last year, Banksalad posted standalone revenue of KRW 26.0 billion, up 77% from KRW 14.7 billion the previous year. Adjusted EBITDA, excluding non-cash expenses such as share-based compensation, was negative KRW 1.9 billion, with the deficit narrowing 74% year on year. Adjusted net loss, excluding one-off accounting factors related to redeemable convertible preferred shares (RCPS), also fell 89% to KRW 680 million.
Banksalad is expanding its AI business by leveraging financial and health data, based on financial product brokerage and asset management services. It plans to expand into AI agent services that support financial decision-making and execution while strengthening its competitiveness as an AI-based platform.
The size of the offering and detailed listing schedule will be determined in consultation with the lead underwriter based on the progress of the preliminary review. A Banksalad official said, "Banksalad has continued to advance its proprietary technology based on its accumulated financial and health data moat and connect it to tangible financial benefits for customers," adding, "Going forward, we will evolve into an AI agent service that revolutionizes financial decision-making and execution, strengthen our business competitiveness based on an AI OS (operating system), and faithfully carry out the listing process."

[email protected] Hong Ye-ji Reporter