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Shares of Kakao Pay, South Korea’s largest mobile payments app, surged 150%+ in early trading after it raised $1.3B in its Seoul IPO at a ~$9.94B valuation (Bloomberg)

Bloomberg:
Shares of Kakao Pay, South Korea’s largest mobile payments app, surged 150%+ in early trading after it raised $1.3B in its Seoul IPO at a ~$9.94B valuation  —  – Fintech firm had to delay its IPO by more than two months  — Regulatory crackdown has hurt sentiment for tech shares