[Featured Stock] Yes24 Rises 20% on KakaoBank Demand Forecast Success

[Asia Economy Reporter Minji Lee] Yes24 is showing an upward trend as its stake value (1.4%) is highlighted amid the strong institutional demand forecast for KakaoBank.

At 9:44 a.m. on the 23rd, Yes24 was trading at 16,200 KRW, up 20.00% from the previous trading day. During the session, Yes24 rose to as high as 16,650 KRW.

Other companies holding shares in KakaoBank, such as Netmarble (1.07%) and Korea Financial Group (4.88%), are also on the rise. KakaoBank received institutional subscription orders totaling 2,585 trillion KRW in the institutional demand forecast for pricing its IPO. This is the largest amount in the history of domestic IPOs.