Kakao pockets $1bn from GDR issue

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Kakao pockets $1bn from GDR issue

Jonathan Breen
January 18, 2018 12:00 PM
seoul korea px230 city

South Korean mobile messaging platform Kakao Corp raised $1bn this week from an issue of Global Depository Receipts (GDRs), defying fears it would suffer from its link to a cryptocurrency exchange.

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EquityCitiSouth KoreaAsia Follow-ons and Rights IssuesAsiaSoutheast AsiaNortheast AsiaSingaporeAseanAsia PacificFollow-ons and Rights issuesEmerging MarketsGoldman Sachs
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Jonathan Breen
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