Market Chatter: Kakao Mobility Confidentially Files for US IPO, Seeks to Raise $1 Billion
MT Newswires Live10:57
Kakao Corp. (KRX:035720) subsidiary and taxi-hailing and mobility platform Kakao Mobility has confidentially filed for an initial public offering in the U.S. in June and seeks to raise about $1 billion, Yonhap News reported Thursday, citing a financial market tracker.
Bank of America, Morgan Stanley, and UBS are listed as underwriters for the IPO, the report said.
Kakao Mobility did not immediately respond to MT Newswires' request for comment.
Shares of Kakao Corp. added nearly 5% in recent trade.
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