Ant Group-backed Kakao Pay Seeks Up to $1.4 Billion in IPO

Bloomberg2021-07-02

Kakao Pay joins Krafton, Kakao Bank in filing for IPOs The company is planning to offer securities trading, insurance Kakao Pay Corp., South Korea’s largest online payment service with 36 million ...

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Comments

stormlee
2021-07-02
stormlee
Comment & like pls
- stormlee:
  ?
- JohnWL:
  Great!
诗迷
2021-07-02
诗迷
Like and comment
- YS_ZENG:
  Sure
LWayne
2021-07-02
LWayne
Baba still not yet?
- stormlee:
  Comment & like pls
JohnWL
2021-07-02
JohnWL
Nice
- stormlee:
  Comment & like pls
RobinStocks
2021-07-02
RobinStocks
Really
- Tothestars:
  Ok

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Helped by easy access to the country’s largest messaging service, the company has amassed millions of monthly active users and is now seeking to expand its portfolios from money transfer and payment services to securities trading and insurance.\nRyu, 44, said the company’s currently developing a mobile trading service, which it aims to offer on Kakao’s messenger and payment apps in the second half of this year. Kakao Pay already offers some investment products such as funds, after it acquired a local brokerage firm in February 2020.\nIt will directly compete against cross-town rival Viva Republica Inc.’s Toss, which recently launched a securities trading service that’s drawn new users in their 20s and 30s. 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