Exchange "KakaoPay to be Newly Listed on the KOSPI Market on the 3rd"
[Asia Economy Reporter Minji Lee] Korea Exchange announced on the 1st that Kakao Pay will be listed on the KOSPI market on the 3rd.
The confirmed public offering price is 90,000 KRW, and the market capitalization based on the offering price is 11.733 trillion KRW.
The opening price will be determined between 8:30 AM and 9:00 AM on the listing day by accepting bids between 90% and 200% of the offering price, and the opening price will be set at the price where the sell and buy bids match. Based on this opening price, a price limit of ±30% will be applied during the trading session.
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Kakao Pay, a fintech company established in April 2017, recorded sales of 245.6 billion KRW and a net loss of 17.2 billion KRW last year.
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