South Korea's KakaoBank to Raise $2.2 Billion in IPO

Kakao Bank, South Korea's first mobile-only bank, is set to make a significant impact with its IPO, which is highly oversubscribed and expected to be one of the largest in 2021. The bank, established in 2016, has rapidly grown to over 13 million monthly active users, surpassing traditional banks. Despite regulatory scrutiny affecting other companies, Kakao Bank's IPO proceeds without intervention. The bank compares itself to international mobile-based banks, highlighting its innovative approach.

What significant event is Kakao Bank experiencing in relation to its IPO?

How many monthly active users does Kakao Bank have compared to traditional financial banks?

What challenges did Capital Bank face regarding regulatory interventions?

What was the outcome for Kraft in relation to its IPO size?

How does Kakao Bank compare itself to other financial institutions?