Kakao at No. 6 on Kospi in market cap after stock split
Apr 15, 2021
South Korea’s top mobile messenger operator, Kakao, replaced Samsung Biologics as the No. 6 company on the Kospi in terms of market capitalization Thursday, a day after its stock split. Shares of Kakao, after a 5-for-1 stock split, jumped 7.59 percent to 120,500 won ($108.07) at the closing bell, lifting the company’s market cap to 53.48 trillion won. The price of Kakao stocks with lowered face value surged over 18 percent during intraday trading, before the bourse operator interru