Kakao Pay, the fintech unit of South Korea's most popular chat app, Kakao Talk will go public on November third.
Ahead of its debut on the KOSPI, Kakao Pay will begin taking pre-orders from retail investors for two days…starting Monday.
A total of 4.2-5 million shares,…a quarter of the total offering, will be allocated.
For the first time, all shares allotted will be distributed to give investors an equal chance, as long as a minimum deposit is made.
Kakao Pay's IPO price is set at around 76 U.S. dollars a share.