Kakao Pay Soars Over 7%... Market Cap Surpasses 31 Trillion Won
[Asia Economy Reporter Dongwoo Lee] Kakao Pay closed trading on the 29th at 238,500 KRW, up 7.15% from the previous trading day, surpassing a market capitalization of 31 trillion KRW.
Based on the closing price, this is 165% higher than the public offering price of 90,000 KRW, setting a new high for three consecutive days since its listing on the 3rd of this month.
Foreign investors and institutions net purchased 37.9 billion KRW and 10.8 billion KRW, respectively. Individual investors net sold 47.9 billion KRW.
The market capitalization based on the closing price reached 31.0926 trillion KRW, ranking 11th among common stocks on the KOSPI.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Kakao Pay's stock price has recently risen on expectations of inclusion in the KOSPI 200. Since the confirmation of the new special inclusion on the 25th, the stock price has increased by 30.33% over three trading days.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
