Kakao Bank takes first step toward going public

Home > Business > Finance

print dictionary print

Kakao Bank takes first step toward going public

 
Kakao Bank, Korea’s largest internet-only bank, has taken the first steps toward going public by sending off a letter of request.
 
Multiple media outlets reported Wednesday that the bank issued a request to select financial advisors including NH Investment & Securities, Mirae Asset Daewoo, Samsung Securities, Citigroup Global Markets and J.P. Morgan on Tuesday.
 
The online bank will likely select an advisor within this year to complete the public listing next year.
 
Kakao Bank was valued at nearly 9 trillion won ($8.1 billion) in the latest capital increase last month.
 
The bank is currently 33.54 percent owned by Kakao and 28.6 percent by Korea Investment Holdings.  
 
BY PARK EUN-JEE   [park.eunjee@joongang.co.kr]
 

More in Finance

5-day winning streak ends as Kospi drops 0.62 percent

Debt is the latest hot product being pushed into the market

China's WeChat Pay and Seoul's Zero Pay now interoperable

Kospi sets another all-time high as optimism continues

Kim Kwang-soo named as sole candidate to head banking federation

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now