SEOUL (Reuters) – South Korea’s Kakao Pay Corp saw its shares double in value from their initial public offering (IPO) price on their trading debut on Wednesday.
Kakao Pay shares opened at 180,000 won on debut on KOSPI versus an IPO price of 90,000 won.
The financial technology firm raised 1.5 trillion won ($1.27 billion) from its IPO.
($1 = 1,178.8900 won)
(Reporting by Joyce Lee and Jihoon Lee; Editing by Shri Navaratnam)
