Copying and distributing are prohibited without permission of the publisher.

Watermark

Kakao Bank defies regulatory hurdles for $2bn IPO

Korea_USdollar_Adobe_24July
By Jonathan Breen
22 Jul 2021

Kakao Bank has defended its valuation following a W2.55tr ($2.2bn) IPO after being questioned by South Korea’s regulators about its high pricing. The internet-only bank is only the latest in the country to be targeted by authorities cracking down on lofty valuations of new listings. Jonathan Breen reports.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Jonathan Breen
22 Jul 2021