/ Globe PR Wire /
Technology-Enabled Asset Management Firm to Begin Trading on Nasdaq Under Symbol “TAEB”
NEW YORK, November 11, 2025 – Taebank Markets Inc (“Taebank Markets” or the “Company”), a leading global technology-enabled asset management and financial services company, today announced that its initial public offering (IPO) has been priced at US$45.00 per share, offering 55,555,556 ordinary shares. Trading in the shares is expected to commence on December 1, 2025, on the Nasdaq Global Select Market under the ticker symbol “TAEB”. The offering is expected to close on December 31, 2025, subject to customary closing conditions.
In addition, Taebank Markets has granted the underwriters a 30-day option to purchase up to an additional 8,333,333 shares of common stock at the initial public offering price, less underwriting discounts and commissions. If the underwriters exercise the option in full, the total gross proceeds from the offering would be approximately $2.875 billion.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Citigroup Global Markets Inc. and BofA Securities, Inc. are acting as co-managers.
Company Overview and Market Position
Taebank Markets is a rapidly growing global financial services company that combines institutional-quality asset management with cutting-edge technology infrastructure to serve clients across more than 50 countries worldwide. Founded in 2021 and headquartered in New York City, the Company has established itself as a leader at the intersection of financial services and technology innovation, managing $168 billion in assets and serving over 3,500 institutional and high-net-worth clients globally.
The Company operates across four complementary business segments: Asset Management (45% of revenue), Trading & Execution Services (28% of revenue), Investment Banking & Advisory (18% of revenue), and Technology Solutions (9% of revenue). This diversified business model provides resilience across market cycles while generating strong cash flow and industry-leading profitability.
“Today marks a significant milestone in Taebank Markets’ journey to democratize access to sophisticated financial markets through innovative technology and rigorous investment discipline,” said Michael Chen, Chief Executive Officer and Founder of Taebank Markets. “Our IPO will provide us with additional capital and strategic flexibility to accelerate our growth initiatives, expand into high-potential emerging markets, and continue investing in the technology platform that differentiates us in the marketplace. We are grateful for the trust our clients have placed in us and excited about the opportunities ahead as a public company.”
Financial Performance and Growth Trajectory
Taebank Markets has demonstrated exceptional growth and profitability since its founding in 2021. The Company’s revenue has grown at a 26% compound annual growth rate from $2.85 billion in fiscal year 2022 to $4.53 billion in fiscal year 2024, driven by strong client demand, superior investment performance, and successful execution of its diversified business strategy. Assets under management have nearly doubled from $85 billion to $168 billion over the same period, reflecting $45 billion in net new client assets and favorable market performance.
The Company has achieved operating margins of 72% and return on invested capital of 87% in fiscal year 2024, demonstrating the scalability and efficiency of its technology-driven operating model. Net income for fiscal year 2024 was $3.96 billion, representing an 87% net margin. The Company’s flagship Global Equity Fund has delivered 18.4% annualized returns since inception versus 12.1% for the MSCI World Index, demonstrating consistent alpha generation and superior risk-adjusted performance.
“Our strong financial performance reflects the power of our business model and the dedication of our talented team,” said Sarah Williams, Chief Financial Officer of Taebank Markets. “We have built a highly profitable, capital-efficient business that generates substantial free cash flow while continuing to invest aggressively in growth opportunities. As a public company, we will maintain our disciplined approach to capital allocation while pursuing strategic initiatives that drive long-term shareholder value.”
Use of Proceeds and Strategic Priorities
Taebank Markets intends to use the net proceeds from this offering to fund strategic growth initiatives that will expand its market presence, enhance its technology capabilities, and strengthen its competitive position. The Company has identified four primary areas of investment:
Technology Infrastructure Investment ($1.2 billion). The Company will invest in expanding its cloud computing infrastructure, enhancing its algorithmic trading capabilities, developing artificial intelligence and machine learning models for portfolio optimization, and building next-generation client-facing applications. This investment will further differentiate Taebank Markets’ technology platform and enable the Company to scale efficiently as it grows.
Global Market Expansion ($800 million). The Company is executing an aggressive expansion strategy targeting high-growth markets in Latin America, including Chile, Brazil, Argentina, Mexico, Colombia, and Peru. These markets represent a $2+ trillion addressable opportunity with favorable demographics, rising middle-class wealth, and increasing demand for sophisticated investment solutions. The Company plans to establish local offices in Santiago, São Paulo, Buenos Aires, and Lima during the fourth quarter of 2025 and first quarter of 2026.
Strategic Acquisitions ($500 million). The Company maintains an active pipeline of acquisition targets and partnership opportunities that would accelerate its growth strategy, expand its product capabilities, or enhance its technology platform. Target profiles include regional asset managers with strong local market presence, specialty finance companies offering unique investment strategies, and fintech platforms with innovative technology capabilities.
Working Capital and General Corporate Purposes ($200 million). The Company will use a portion of the proceeds for working capital and general corporate purposes, including potential investments in new product development, client acquisition, and operational infrastructure.
Competitive Advantages and Market Opportunity
Taebank Markets has built a compelling competitive position through a combination of proprietary technology, proven investment performance, diversified business model, experienced leadership, and strong client relationships. The Company’s proprietary trading and portfolio management platform processes over 5 million transactions daily with institutional-grade execution quality and provides comprehensive risk management, analytics, and reporting capabilities that rival those of firms many times its size.
The global asset management industry represents a $100+ trillion market experiencing structural transformation driven by technology adoption, passive investing growth, and emerging market expansion. Taebank Markets is strategically positioned to capture share in high-growth segments including quantitative strategies, thematic investing, alternative investments, and technology-enabled wealth management. The Company’s focus on emerging markets, particularly Latin America, addresses a rapidly growing opportunity with favorable demographics and rising financial market sophistication.
“We have built Taebank Markets to be a technology company that happens to be in the financial services business, rather than a financial services company that uses technology,” said David Rodriguez, Chief Technology Officer and Co-Founder of Taebank Markets. “Our platform provides execution quality, risk management capabilities, and operational efficiency that enable us to compete effectively with the largest firms while maintaining the agility and innovation culture of a growth company. This technological foundation will continue to be our primary competitive differentiator as we scale.”
Management Team and Corporate Governance
Taebank Markets is led by an experienced management team with deep expertise from leading financial institutions and technology companies. CEO Michael Chen previously led quantitative trading at Goldman Sachs managing $25 billion in systematic strategies and was a portfolio manager at Renaissance Technologies. CFO Sarah Williams successfully guided Lending Club through its IPO and growth phase and held senior finance roles at PayPal and eBay. CTO David Rodriguez built trading infrastructure at Two Sigma and worked on large-scale distributed systems at Google.
The Company’s board of directors includes four independent directors with extensive experience in asset management, financial services, technology, and corporate governance. Management and employees own approximately 47% of the company post-IPO, ensuring strong alignment with shareholder interests.
“We have assembled a world-class team that combines deep financial markets expertise with cutting-edge technology capabilities,” said Chen. “Our culture emphasizes intellectual rigor, operational excellence, and client focus. We believe this combination of talent, technology, and culture positions us to deliver superior results for our clients and shareholders over the long term.”
Client Base and Market Presence
Taebank Markets serves a diverse and growing client base spanning institutional investors, high-net-worth individuals, family offices, corporations, and financial institutions. The Company’s 450+ institutional clients include pension funds, endowments, foundations, sovereign wealth funds, and insurance companies. The Company also serves 2,800+ high-net-worth individuals with investable assets exceeding $10 million, 180+ family offices, 120+ corporate clients, and 28 financial institution partners licensing its technology platform.
The Company maintains physical operations in 15 countries across North America, Europe, Latin America, and Asia-Pacific, with plans to expand into an additional 10 markets over the next 24 months. This global footprint enables Taebank Markets to serve clients in their local markets while providing access to worldwide investment opportunities.
Client retention rates exceed 95%, reflecting strong satisfaction with the Company’s investment performance, service quality, and technology capabilities. The Company’s Net Promoter Score of 68 places it in the top quartile of asset managers and significantly above the industry average of 35.
Industry Recognition and Awards
Taebank Markets has received numerous industry awards and recognition for its investment performance, technology innovation, and business growth:
• “Best Quantitative Manager” – Institutional Investor (2023, 2024)
• “Technology Innovation Award” – WealthTech Awards (2024)
• “Emerging Manager of the Year” – Hedge Fund Journal (2023)
• “Fastest Growing Asset Manager” – Financial Times (2024)
• “Top 50 Fintech Companies” – Forbes (2023, 2024)
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially due to factors discussed in the Company’s prospectus filed with the Securities and Exchange Commission, including under the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Forward-looking statements include, but are not limited to, statements regarding the Company’s expected growth trajectory, strategic initiatives, market opportunities, competitive position, and financial performance. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
About Taebank Markets, Inc.
Taebank Markets is a leading technology-enabled global asset management and financial services firm that provides institutional-quality investment solutions, trading services, and financial technology to clients worldwide. Founded in 2021 and headquartered in New York City, the Company manages $168 billion in assets and serves over 3,500 clients across more than 50 countries. Taebank Markets combines advanced quantitative analytics, proprietary technology infrastructure, and comprehensive market access to deliver superior risk-adjusted returns while setting new standards for transparency, efficiency, and client service.
For more information about Taebank Markets, please visit www.taebankmarkets.com.
Investor Contact
Taebank Markets Investor Relations
Email: ir@taebankmarkets.com
Media Contact
Taebank Markets Corporate Communications
Email: press@taebankmarkets.com
Underwriter Contact
Goldman Sachs & Co. LLC
Prospectus Department
200 West Street
New York, NY 10282
Email: prospectus-ny@ny.email.gs.com
Morgan Stanley & Co. LLC
Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
Email: prospectus@morganstanley.com
J.P. Morgan Securities LLC
Prospectus Department
383 Madison Avenue
New York, NY 10179
Email: prospectus-eq_fi@jpmorgan.com
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from the underwriters listed above or from the SEC’s website at www.sec.gov.
Date: November 13, 2025