South Korea's KakaoBank to Raise $2.2 Billion in IPO

Kakao Bank, South Korea's first mobile-only bank, is set to make a significant impact with its IPO, which is highly oversubscribed and expected to be one of the largest in 2021. The bank, established in 2016, has rapidly grown to over 13 million monthly active users, surpassing traditional banks. Despite regulatory scrutiny affecting other companies, Kakao Bank's IPO proceeds without intervention. The bank compares itself to international mobile-based banks, highlighting its innovative approach.

What makes Kakao Bank's IPO a significant event in South Korea?

• It is the first traditional bank to be listed.

• It is the first mobile-only bank to be listed.

• It is the largest IPO in South Korea's history.

• It is the first bank to be listed in 2021.

How many times were Kakao Bank's shares oversubscribed during its IPO?

• 1000 times

• 1700 times

• 2000 times

• 500 times

What is notable about Kakao Bank's user base?

• It has the same number of users as traditional banks.

• It has more than 13 million monthly active users.

• It has less than 10 million monthly active users.

• It has fewer users than traditional banks.

Which regulatory body has been active in the IPO process in South Korea?

• Financial Services Commission

• Korea Stock Exchange

• Bank of Korea

• Ministry of Finance

What was a consequence for companies like Kraft due to regulatory interventions?

• They had to increase their IPO size.

• They were banned from the stock market.

• They had to lower their IPO size.

• They were given a higher valuation.