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Ye-Jin Jun 5 HOURS AGO
ENG
Kakao Pay Corp., aiming to list on South Korea s main stock exchange this year, has valued itself at as much as 16 trillion won ($14.4 billion), or 60% higher than the market consensus of 10 trillion won, according to brokerage industry sources on Apr. 27.
The Korean mobile fintech platform had mistakenly revealed its proposed price band for an initial public offering when it submitted an IPO application on Monday. The numbers, embedded in the preliminary documents, are now removed at the request of the IPO underwriters.
Generally, the price range is made public when an IPO candidate submits a formal document after winning preliminary approval from the stock exchange.
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