Ant-backed Kakao Pay seeks to raise up to $1.4b in IPO

Ant-backed Kakao Pay seeks to raise up to $1.4b in IPO

Photo: Kakao Pay website

South Korean fintech company Kakao Pay Corp’s planned initial public offering (IPO) next month is expected to raise up to 1.6 trillion won ($1.4 billion), at the top end of an indicative price range, it said on Friday.

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