KakaoBank, South Korea’s first internet-only lender, goes public, shares rose more than 70% in its trading debut in Seoul, giving it a market value of ~$28B (Bloomberg)

Bloomberg:
KakaoBank, South Korea’s first internet-only lender, goes public, shares rose more than 70% in its trading debut in Seoul, giving it a market value of ~$28B  —  – Bank’s $2.2 billion IPO is Korea’s second-largest this year  — Company becomes Korea’s biggest lender by market cap