Korea IPO wrap: Kakao Pay pre-markets, Krafton scales back $5bn target

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Korea IPO wrap: Kakao Pay pre-markets, Krafton scales back $5bn target

Seoul Korea_575px_adobe_25Feb21

South Korea’s busy IPO market is continuing to pump out deals, with the latest listings coming from Kakao Pay and Covid-19 test maker SD Biosensor. But issuers still have to be realistic, as Krafton found out when it shot for, but missed, the country’s largest ever IPO.

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