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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