Kakao Pay's MSCI Float Should Be 55% at Aug QIR Based on the Case of Kakao Games
424 Views, 24 Jun 2022 05:32
- The MSCI immediately included 4.31% owned by Netmarble in Kakao Games' float by applying one of the exception rules in Sections 3.2.4 or 3.2.5 of the MSCI GIMI Methodology Book.
- The exception rule used here must have been this one: Re-estimating free float figures resulting from the reclassification of shareholders from strategic to non-strategic.
- I can't find a reason why this practice of the MSCI shouldn't be equally applied to Alipay's Kakao Pay stake.