Kakao Affiliate 'Yanadoo' to Go Public Next Year
[Asia Economy Reporter Buaeri] Kakao's edutech affiliate 'Yanadoo' has initiated the initial public offering (IPO) process.
Following KakaoPage, KakaoBank, and KakaoPay, Yanadoo has also started its listing procedures, continuing the series of IPO plans among Kakao affiliates.
On the 22nd, Yanadoo announced, "We have selected Korea Investment & Securities and Samsung Securities as the lead underwriters," adding, "We plan to choose between KOSPI and KOSDAQ for listing next year."
Last year, Yanadoo launched an integrated corporation with KakaoKids. Since then, it introduced the motivation platform 'Youcando' and the new concept home training service 'Yafit Cycle,' successfully attracting investments worth 40.5 billion KRW, recognizing its growth potential.
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Kim Jeong-su, co-CEO of Yanadoo, stated, "Our goal is to go public next year with a corporate valuation of 1 trillion KRW."
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