Tech
Shares of Kakao Pay, South Korea's largest mobile payments app, surged 150%+ in early trading after it raised $1.3B in its Seoul IPO at a ~$9.94B valuation (Bloomberg)
Bloomberg:
Shares of Kakao Pay, South Korea’s largest cell funds app, surged 150%+ in early buying and selling after it raised $1.3B in its Seoul IPO at a ~$9.94B valuation — – Fintech agency needed to delay its IPO by greater than two months — Regulatory crackdown has harm sentiment for tech shares
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