Superbank, an Indonesian digital bank backed by KakaoBank, made its stock market debut on the Indonesia Stock Exchange on December 18, 2025.

Superbank’s market capitalization reached about 2.4 trillion won (US$1.6 billion) on its first day, up from a valuation of 900 billion won (US$608.5 million) at the time of KakaoBank’s initial investment.

The IPO attracted over 1 million bids, with a subscription ratio of 318 to 1, and shares rose around 25% from the IPO price of 635 rupiahs (3.8 cents).

KakaoBank invested a total of 114 billion won (US$77 million) in Superbank between 2023 and 2024, and now expects its stake to be valued at about 204.4 billion won (US$138.2 million)after the IPO.

🔗 Source: The Korea Times

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