South Korea's Kakao Pay cuts IPO target by 6% to $1.3b

South Korea's Kakao Pay cuts IPO target by 6% to $1.3b

Photo: Kakao Pay website

South Korean fintech company Kakao Pay Corp cut its planned initial public offering (IPO) target to up to 1.5 trillion won ($1.29 billion) from a previously announced 1.6 trillion won, it said on Tuesday.

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