Kakao Pay Files for Initial Public Offering (IPO)
SEOUL, South Korea, July 2, 2021 /PRNewswire/ -- On July 2, Kakao Pay filed its registration statement to the Financial Services Commission (FSC)for an IPO on KOSPI and kicked off its initial public offering schedule.
- SEOUL, South Korea, July 2, 2021 /PRNewswire/ -- On July 2, Kakao Pay filed its registration statement to the Financial Services Commission (FSC)for an IPO on KOSPI and kicked off its initial public offering schedule.
- Kakao Pay plans to offer a total of 17 million shares at an indicative range between 63,000 won to 96,000 won per share.
- The company is planning to raise up to 1.632 trillion won (upper limit of the price band) through this initial public offering.
- Kakao Pay has established the foundation of its platform by providing payment-related services like payment, money transfer, membership, e-documents and authentications.