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Kakao Pay IPO: When can you buy this digital payment giant’s stock? Kakao Pay Corp claims to be Korea's top financial services platform. The Ant Group-backed company said on Tuesday. August 31, that it has decided to lower its IPO price band. Kakao Pay revealed that it saw a transaction volume (TPV) of 47.3 trillion won in the first half of 2021, which was a rise of 62 percent year-over-year (YoY).