Kakao’s $1 Billion Offering
January 23, 2018
Cleary Gottlieb represented Kakao Corp. in a $1 billion Rule 144A/Regulation S offering of global depositary shares.
The GDSs are expected to be listed on the Singapore Stock Exchange on February 2, 2018. Citigroup and Goldman Sachs International acted as the joint global coordinators and bookrunners for the offering, which closed on January 23, 2018.
Kakao Corp. operates Korea’s leading instant messaging service as well as leading mobile and online platforms in Korea.