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Korea’s Kakaobank surges in IPO
Shares of Kakaobank surged nearly 80 percent in first day trading in South Korea.
The South Korean company is the country’s first digital bank to go public and its largest IPO in years. Kakaobank launched in 2017 and reported turning profitable in 2019. Its private equity backers include Anchor Equity Partners and TPG.
— Joanna Glasner
Stage 2 launches $80M fund to invest in B2 …
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