Ant Group is set to score an exit when the financial technology platform operator lists in Korea next month in an IPO sized at up to $1.5bn.
Kakao Pay, a South Korea-based mobile payment service backed by financial services provider Ant Group, is raising between ₩1.6 trillion and ₩1.7 trillion ($1.4bn to $1.5bn) in its initial public offering.
The IPO is set to take place on the Korea Exchange on August 12 this year, and will involve the company issuing 17 million new shares priced at approximately $55.60 to $84.70 each.
Formed by internet group Kakao in 2014, Kakao Pay Corp was spun off in April 2017,…
