Latest Breaking News On - Kakao games corp - Page 8 : comparemela.com

Kakao　Pay　CEO　Alex Ryu Kakao Pay Corp., a unit of South Korea s largest mobile messaging app Kakao Corp., submitted an application for its initial public offering with the Korea Exchange on Monday, set to become the country s first mobile fintech platform to go public, according to investment banking sources. Unless there is an eligibility issue for its No.2 shareholder China s Ant Group as a major shareholder, Kakao Pay s IPO is expected to win approval in July at its earliest.  The IPO will likely take place almost simultaneously with its affiliate Kakao Bank. The mobile banking app submitted an IPO application on Apr. 15. If listed, Kakao Bank will become the country s first Internet-only bank traded on the Korea Exchange, as well.

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