Dunamu, Naver Financial reportedly eye Nasdaq listing after stock swap

Dunamu and Naver Financial plan to pursue a U.S. Nasdaq listing following a comprehensive stock swap designed to form a strategic alliance, the Seoul Economic Daily reported. According to sources in the investment banking industry, both companies are scheduled to hold separate board meetings on Nov. 26 to discuss and approve the share exchange. The swap ratio is expected to be set at approximately 1:3.3 to 1:3.4 for Naver Financial to Dunamu, a higher rate than previously anticipated. The companies have reportedly agreed to complete the Nasdaq listing within a specified period after the transaction.