Kakao Entertainment "IPO Next Year... Expecting Corporate Value of 20 Trillion Won"
[Asia Economy Reporter Buaeri] Kakao Entertainment expects its corporate value to reach 20 trillion won as it anticipates going public next year.
On the 12th, Kakao Entertainment stated that while it is keeping options open for both domestic and New York Stock Exchange listings, it is placing more emphasis on the domestic market. A Kakao Entertainment official said, "No specific timing or plans have been decided yet."
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On the same day, Bloomberg reported on the possibility of a New York Stock Exchange listing through an interview with Lee Jin-su, CEO of Kakao Entertainment. CEO Lee said, "We plan to go public in a year," and expressed expectations that Kakao Entertainment's corporate value could exceed $17.8 billion (approximately 20 trillion won).
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