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

Bloomberg Markets and Finance published this video item, entitled “South Korea’s KakaoBank to Raise $2.2 Billion in IPO” – below is their description.

Jul.22 — KakaoBank Corp., an internet-only retail lender backed by South Korea’s Kakao Corp., is set to raise 2.55 trillion won ($2.2 billion) after it priced its initial public offering at the top of a marketed range. The IPO would make it the nation’s most valuable retail lender after KB Financial Group Inc. and Shinhan Financial Group Co. Youkyung Lee reports on “Bloomberg Daybreak: Asia.”

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