Two Big Asian Tech IPOs Surge on Market Debuts

  • 📰 WSJ
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Shares in a newly listed Korean digital bank and an Indonesian e-commerce group soared, pointing to appetite for emerging Asia tech deals

Shares in a newly listed South Korean digital bank and an Indonesian e-commerce group both soared Friday, pointing to investor appetite for tech deals in emerging markets across Asia.

In Seoul, shares in KakaoBank Corp. leapt nearly 79% from their initial public offering price, valuing the online lender at the equivalent of about $31 billion. The company is partly owned by Kakao Corp., the operator of a popular messaging app in South Korea. The surge lifted KakaoBank’s valuation above those of the country’s two largest banks, KB Financial Group Inc. and Shinhan Financial Group Co. , which both have market capitalizations of roughly $18 billion, according to FactSet.

Meanwhile in Jakarta, shares in online-mall operator PT Bukalapak.com rose by the maximum 25% daily limit on their first day of trading. Bukalapak had earlier raised about $1.5 billion in what was Indonesia’s largest-ever IPO. Online businesses across the region are enjoying swift growth and many unicorns, or startups worth at least $1 billion, are either preparing to go public, have done so recently, or have raised new funds privately at rapidly rising valuations.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 98. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Shares of Indonesian e-commerce company Bukalapak jump 25% in stock market debutReports said the e-commerce firm raised $1.5 billion in Indonesia's largest IPO, and the company is valued at $6 billion.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Reese Witherspoon shares exciting career news with fans after big business decisionReese Witherspoon has already started making some big career moves just days after a landmark business decision
출처: hellomag - 🏆 24. / 68 더 많은 것을 읽으십시오 »