Kakao Mobility is going public with the goal of going public.
On the 23rd, Kakao Mobility announced that it would send a request for a bid proposal to major domestic and foreign securities companies on the same day.
It plans to start preparing for listing after selecting a host within the next month. Industry insiders predict that Kakao Mobility will enter the stock market next year.
Kakao Mobility was officially launched in August 2017 when the Kakao Mobility business unit became independent. Based on the ‘Kakao T’ platform, it provides mobility services such as taxis, buses, airlines, surrogate driving, parking, navigation, and electric bicycles. As of the end of last year, Kakao T had about 28 million users.
If Kakao Mobility goes public, the IPO of Kakao Group’s affiliates is expected to accelerate. Among Kakao affiliates, Kakao Games and Kakao Bank have completed their listing, and Kakao Pay and Kakao Entertainment are about to go public.
A Kakao Mobility official said, “The request for bid proposals will be sent out this afternoon.”
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