South Korean fintech firm Kakao Pay's shares jump on listing day

South Korean fintech firm Kakao Pay's shares jump on listing day

An employee of mobile messager Kakao Talk displays the mobile game "Anipang" on a smartphone at the company in Seongnam, south of Seoul, March 26, 2013. REUTERS/Lee Jae-Won

South Korea’s Kakao Pay Corp saw its shares double in value from their initial public offering (IPO) price on their trading debut on Wednesday, as the fintech’s expected growth in transactions and other services whetted investor appetite.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter