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South Korea's Kakao Games soars 30% in market debut, hitting daily limit

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Kakao Games' shares started trading at 48,000 Korean won (about $40.48) apiece, twice the issue price of 24,000 won. ($20.24) They briefly surged to hit the daily permissible limit of 30%, last sitting at 62,400 won ($52.63) per share.

Meanwhile, parent company Kakao Corp. also saw its stock get a slight boost as it advanced around 0.4%.Woohae Cho/Bloomberg | Bloomberg | Getty Images

Meanwhile, parent company Kakao Corp. also saw its stock get a slight boost as it advanced around 0.9%.

 

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