S Korea's Kakao Pay prices IPO at top of range to raise US$1.3 billion

SEOUL : South Korea’s Kakao Pay Corp has priced its initial public offering (IPO) at the top of its indicative range to raise 1.5 trillion won (US$1.28 billion), the fintech company said on Friday.

Kakao Pay shares were priced at 90,000 won per share after an indicative range of 60,000-90,000 won, the company said in a regulatory filing.

(US$1 = 1,174.2200 won)

(Reporting by Heekyong Yang; editing by Jason Neely)


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