Kakao Mobility eyes Nasdaq listing worth up to $1B to give TPG its exit

Kakao Mobility files for $1b US IPO as TPG seeks exit

Kakao Mobility files for $1 billion US IPO, facilitating TPG's exit from its 29% stake. The IPO remains subject to Korean minority shareholder protection standards; parent company Kakao (57% stake) must demonstrate how the separation prevents value dilution for its shareholders.