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South Korea's Kakao Bank confirms IPO price at upper end of range

Digital lender could become No. 3 financial company on benchmark Kospi

Shares in Kakao Bank, led by CEO Yun Ho-young, begin trading on Aug. 6. (Photo courtesy of Kakao Bank)

SEOUL -- Kakao Bank has confirmed its initial public offering price at the upper end of its suggested range, clearing a major hurdle in advance of the digital lender's listing on South Korea's benchmark stock market next month.

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