SEOUL: South Korean messaging giant Kakao Corp’s manga business is pushing back plans to go public on the Tokyo Stock Exchange until next year, aiming for a valuation of US$6bil (RM27bil) or more.
Manga app operator Kakao Piccoma Corp had previously planned an initial public offering (IPO) for this December but is delaying the process amid slumping tech valuations, according to people familiar with the matter.
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