이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
The Korean mobile giant said on Sunday it plans to issue 7,546,520 new shares at the Singapore Exchange on Feb. 2. The initial public offering would be overseen by Citigroup Global Markets Inc. and Goldman Sachs.
The company is expected to issue global depositary receipts (GDRs) of up to $1 billion to raise the investment capital for new growth engines such as artificial intelligence and new mobile contents.
A GDR is a bank certificate issued in multiple countries for shares in a foreign company. While traded like domestic shares, GDRs are offered for sale globally through various bank branches and are considered a more cost-effective investment mechanism.
Kakao said it chose to list in Singapore for its relative ease in attracting foreign investors. Listing via GDR is currently only available in Singapore, Luxembourg and London.
By Yoo Tae-yang and Kim Hyo-jin
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