Today (3rd) when Kakao Pay entered the stock market, it closed at a price that has more than doubled from its IPO price.
In the stock market today, Kakao Pay finished trading at 193,000 won, up 7.22% from its initial 180,000 won.
The increase rate is 114% compared to the IPO price of KRW 90,000.
The opening price was set to be twice the IPO price, but the so-called 'single price', which soared to the mid-day upper limit, was not achieved.
The intraday high was 230,000 won, up 27.78% from the opening price.
Based on the closing price, the market cap stood at KRW 25.16 trillion, ranking 13th in the KOSPI common stock.
(Photo = Yonhap News)