Kakao Reverse acquisition Daum will be conducted in KOSDAQ this month 14th

Kakao and South Korea's portal Daum completed a merger this month, Kakao-daum will be in Korea this month 14th in the South Korean gem KOSDAQ IPO. After the listing, the company market value will reach 9.5 billion U.S. dollars. Naver's greatest enemy came.

Kakao in China has been known as the "Korean version of the micro-letter" (foreign media are often compared with the micro-letter), involved in mobile games transport, real-time communications and electric dealers. The Silicon Valley fund DCM, the main driver of the IPO, spent 5 million of billions of dollars in a round of Kakao in 2011, followed by Tencent, GREE, KDDI and two other Japanese companies. Tencent in 2012 to Kakao Talk investment amounted to 63 million U.S. dollars, as of this May held Daum-kakao stock price of 2.9 billion U.S. dollars, as the chairman of Kim Fansu (Kim bum-soo), Kcube group after the third largest shareholder, accounting for 9.9% shares. The IPO will bring the DCM funds up to 30 times times the initial return on investment.

According to the Forbes original description, Kakao is one of the first startups to use mobile gaming as a model for virtual goods trading. Its liquidity model was quickly replicated by similar products in China and elsewhere. Next, Kakao will focus on extending services to other regions and expanding its coverage. In addition, Osuke Honda, the DCM's Tokyo partner, was quoted as saying that Kakao will expand rapidly in the next few countries and regions such as Southeast Asia, Malaysia, Indonesia and the Philippines. According to the data provided by DCM, Kakao Talk has a share of 90% in South Korea's smartphone communications applications, with 140 million users worldwide.

Kakao Another goal in the next phase is to find other core profit points outside the mobile game. Honda has said the Kakao reverse takeover of Daum will greatly enhance its mobile advertising prowess, which is advantageous for smartphones that are growing and using much more than PCs today.