Samsung Securities, which is vigorously pursuing to expand its IPO business, signed more than 10 IPO deals with non-listed companies in the first quarter of this year. According to industry sources on April 17, Samsung Securities signed contracts with 12 non-listed firms to serve as a lead or co-lead manager for their IPOs in the January-March period of this year.
Among the companies who signed deals with Samsung Securities are ING Life, Korea South-East Power Co., SK B&T, and Songwol Towel.
Even for the listing of new growth companies, Samsung Securities is showing an outstanding performance. It signed an IPO lead manager deal with Korea's largest social commerce retailer TicketMonster last month.
Samsung Securities' IPO division that consists of 16 managers plans to add ten more to its payroll. Samsung Securities officials said, "By supplying competitive IPO services, we aim to improve our return on equity, as well as creating synergies with the wealth management service."