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ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to manage its

Ye-Jin Jun 5 HOURS AGO ENG Kakao Pay Corp., aiming to list on South Korea's main stock exchange this year, has valued itself at as much as 16 trillion won ($14.4 billion), or 60% higher than the market consensus of 10 trillion won, according to brokerage industry sources on Apr. 27. The Korean mobile fintech platform had mistakenly revealed its proposed price band for an initial public offering when it submitted an IPO application on Monday. The numbers, embedded in the preliminary documents, are now removed at the request of the IPO underwriters. Generally, the price range is made...

Kakao　Pay　CEO　Alex Ryu Kakao Pay Corp., a unit of South Korea's largest mobile messaging app Kakao Corp., submitted an application for its initial public offering with the Korea Exchange on Monday, set to become the country's first mobile fintech platform to go public, according to investment banking sources. Unless there is an eligibility issue for its No.2 shareholder China's Ant Group as a major shareholder, Kakao Pay's IPO is expected to win approval in July at its earliest.  The IPO will likely take place almost simultaneously with its affiliate Kakao Bank. The mobile banking app...

South Korea's Kurly Inc., better known by its brand name Market Kurly, has recently terminated its contract with IPO manager Samsung Securities Co., according to investment banking sources on Mar. 15 – just after its founder and Chief Executive Sophie Kim revealed plans to go public within the year. In 2018 the online grocery food delivery startup picked Samsung Securities to prepare a domestic stock market listing. But its initial public offering was delayed as the startup failed to meet IPO requirements. The contract cancellation with the Korean brokerage firm might have brought Market Ku...