The stock prices of Kakao, Kakao Games, and Kakao Bank rose all at once in anticipation of the subscription and listing date of Kakao Pay.
As of 11:27 am on the 20th, Kakao was trading at 129,000 won, up 1.18% from the previous trading day, and Kakao Bank at 62,100 won, up 1.31%.
According to a stock market on the previous day, Kakao Pay will conduct demand forecasting for institutional investors for two days from the 20th to the 21st.
Kakao Pay plans to go through general subscription on the 25th and 26th of the same month and be listed on the stock market on the 3rd of next month.
Samsung Securities, JP Morgan Securities, and Goldman Sachs Securities will serve as the lead managers.
The expected public offering price per share is 60,000 to 90,000 won, and the planned offering price is up to 1.53 trillion won.
After listing, the market cap is expected to reach up to 11.73 trillion won.