THE INVESTOR

메뉴열기
December 03, 2020

Kakao Bank’s IPO plan picks up speed

PUBLISHED : November 11, 2020 - 16:46

UPDATED : November 11, 2020 - 16:46

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

South Korea’s leading online bank Kakao Bank has launched a procedure to pick lead underwriters for its public initial offering, according to industry sources on Nov. 11.

The affiliate of mobile messenger firm Kakao has sent a request for proposal to domestic and global brokerages to explain the planned IPO and select underwriters.

Kakao Bank’s mobile banking platform (Yonhap)



Holding a board meeting in September, the online bank decided to go public in the first half of next year.

Launched in 2017, Kakao has been fast growing by attracting relatively young customers who are used to using smartphones for online banking. Its corporate value is considered to have reached nearly 10 trillion won ($9 billion).

It posted a 40.6 billion won net operating profit in the third quarter this year, seven times higher than 5.8 billion won in the same period last year. Although it logged an operating loss of 1.7 billion won in the fourth quarter last year, its profits have been on the rise since the first three months this year.

By Kim Young-won (wone0102@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.