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    A035720   KR7035720002

KAKAO CORP.

(A035720)
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Kakao : Games Surges in South Korea Trading Debut

09/09/2020 | 09:05pm EDT

By Kwanwoo Jun

Shares of Kakao Games Corp., the gaming unit of South Korea's leading messaging-app operator Kakao Corp., surged on their debut on South Korea's stock exchange.

The gaming company's shares hit the daily change limit of 30% at KRW62,400 each, more than double their initial public offering price of KRW24,000, right after the opening bell rang at the tech-heavy Kosdaq market on Thursday.

The strong debut also drove up shares of the company's parent, Kakao Corp., gaining more than 2.0% in early trade on the main Kospi market.

Kakao Games raised up to 998.40 billion won ($842.6 million) from the share offering, which brings its estimated market capitalization to KRW4.568 trillion based on common shares issued so far.

Kakao Corp. owns a 46.08% stake in the gaming company.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
KAKAO CORP. -3.77% 115000 End-of-day quote.47.63%
KOSPI COMPOSITE INDEX -0.32% 3124.6 Real-time Quote.9.20%
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More news
Analyst Recommendations on KAKAO CORP.
More recommendations
Financials
Sales 2021 5 927 B 5,04 B 5,04 B
Net income 2021 937 B 0,80 B 0,80 B
Net cash 2021 3 774 B 3,21 B 3,21 B
P/E ratio 2021 55,8x
Yield 2021 0,03%
Capitalization 49 757 B 42 407 M 42 344 M
EV / Sales 2021 7,76x
EV / Sales 2022 5,94x
Nbr of Employees -
Free-Float 64,8%
Chart KAKAO CORP.
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Kakao Corp. Technical Analysis Chart | MarketScreener
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Technical analysis trends KAKAO CORP.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 115 000,00 KRW
Average target price 166 724,14 KRW
Spread / Average Target 45,0%
EPS Revisions
Managers and Directors
Min-Soo Yeo Co-Chief Executive Officer & Director
Su-Yong Jo Co-Chief Executive Officer & Director
Beom-Soo Kim Chairman
Tae-Sung Jung Head-Compliance Support
Kyu-Jin Cho Independent Director
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