KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Topics Kakao

KakaoBank, KakaoPay’s Back-to-Back IPO to Raise 4 Trillion Won

Minseo Park by Minseo Park
PUBLISHED: July 5, 2021 UPDATED: July 6, 2021
in Kakao, Tech Industry
0
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.

KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.

Kakao Corp. announced that it would officially launch its two units, KakaoBank and KakaoPay, on the Korea Composite Stock Price Index (KOSPI) this coming August. The two Kakao affiliates’ trading debut also attracted industry watchers, encouraging them to monitor their initial public offerings (IPO).

In particular, KakaoBank, Kakao’s Internet-only banking app operator, recently revealed that its KOSPI IPO would take place sometime in August. Following KakaoBank’s debut, KakaoPay, Kakao’s mobile financial service platform operator, would list its shares on the same bourse.

KakaoPay

After receiving preliminary IPO approval from the Korea Exchange, KakaoPay presented its registration statement to South Korea’s Financial Supervisory Service.

Investment banking industry sources also revealed that KakaoPay seeks to finish the entire IPO process to adhere to the US Securities and Exchange Commission’s (US SEC) foreign investor 135-day regulation.

Moreover, KakaoPay would offer 17 million shares and price them between 63,000 to 96,000 won per share. If the company attains the price band’s upper limit, its IPO could raise 1.6 trillion won ($1.4 billion).

KakaoPay evolved into a well-established, market-leading financial platform only four years since its establishment as an independent company in 2017. KakaoPay also achieved outstanding growth thanks to its diverse financial offerings, including loans, insurances, investments, wealth management, and more.

Furthermore, an EBest Investment analyst, Sung Jong-Hwa, noted that KakaoPay has been making significant market growth through operating online payment platforms and other related financial services.

Sung also said that KakaoPay’s continuous growth and IPO could accelerate future online platforms, including digital insurances and mobile share trading. This year, KakaoPay plans to introduce mobile trading systems to its investment operations and establish a digital non-life insurance business.

KakaoBank

Meanwhile, KakaoBank’s IPO aims to raise around 2.6 trillion won ($2.3 billion), with its share prices ranging from 33,000 and 39,000 won. Similar to KakaoPay, KakaoBank would list its shares in South Korea’s main bourse.

According to industry watchers, the two Kakao units’ back-to-back IPOs demonstrate Kakao’s determination to earn a combined 4 trillion won. Similarly, Kakao’s price shares have recently been increasing due to the fast-growing fintech platform market demand.

Additionally, Kakao aims to accelerate its affiliates’ trading debuts to address the pandemic-caused steep digital financial service market growth. Kakao would also expand business offerings and increase acquisitions to solidify its future business basis, speeding up its advancement.

Check out other must-read articles from KoreaTechToday:

  • KakaoBank to Become Korea’s 3rd-Largest Lender After $2.3B IPO Target
  • Kakao Pay to become South Korea’s first mobile fintech to apply for IPO
  • LG Energy Solution’s Stock Listing to Become Korea’s Largest IPO Yet
  • Lotte Rental Begins IPO Listing Process, Aims to Raise a 400 Billion Won
Tags: 4 trillioninitial public offeringIPOKakaoKakaoBankKakaopayKOSPIP

Related Posts

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
Government

South Korea Prepares Fourth Launch of Homegrown Nuri Rocket

October 1, 2025
South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
Data Center

South Korea, BlackRock Team Up to Build Hyperscale AI Data Center Hub

October 1, 2025
Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
AI

Samsung AI Forum 2025: Could its AI Agents Change How We Interact with Technology?

September 25, 2025
South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
AI

South Korea Trains Civil Servants in AI to Drive ‘Super-Innovation Economy’

September 18, 2025
Caught Between Giants: How U.S. Export Controls Reshape South Korea’s Semiconductor Strategy
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
Samsung

Caught Between Giants: How U.S. Export Controls Reshape South Korea’s Semiconductor Strategy

September 1, 2025
Samsung and SK Hynix Face New U.S. Licensing Rules for Chinese Chip Plants
KakaoBank and KakaoPay’s IPO aims to raise at least 4 trillion won, accelerating Kakao’s business growth amid the competitive financial service market.
China

Samsung and SK Hynix Face New U.S. Licensing Rules for Chinese Chip Plants

August 31, 2025
No Result
View All Result

Most Popular

  • Ride-Hailing Rivalry: Kakao and Uber Bet on Membership Services in Korea

    0 shares
    Share 0 Tweet 0
  • Korea’s Navigation Battle Heats Up: Naver and Kakao vs. Google maps

    0 shares
    Share 0 Tweet 0
  • Kakao Mobility Faces $10.5 Million Fine for Limiting Competitors’ Access to Taxi Platform

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Naver Launches 3D Street View for Immersive Navigation Experience

    0 shares
    Share 0 Tweet 0
  • KakaoTalk to Adopt Instagram-Style Feed in Major 2025 Redesign

    0 shares
    Share 0 Tweet 0
  • Naver Maps Launches Guide in English, Chinese, and Japanese to Enhance Travel Experience for Tourists

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Naver Unveils Asia’s Largest Data Center, GAK Sejong, for Tech Innovation

    0 shares
    Share 0 Tweet 0
  • South Korea Invests $1.1B to Build National AI GPU Infrastructure

    0 shares
    Share 0 Tweet 0

PRODUCTS

[ads_amazon]

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • home
  • homepage
  • mainhome
  • Our Services
  • Privacy Policy
  • Terms of Use

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2024 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : [email protected] |