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Investing.com -- South Korean financial services app Toss is planning to list in the United States in the second quarter of 2026, targeting a valuation of more than $10 billion, according to two people familiar with the plans.
The valuation could potentially exceed $15 billion if market conditions are favorable, one of the sources said. The company is looking to raise between $2 billion and $3 billion through the offering.
If Toss achieves its fundraising goal, the initial public offering would become the largest U.S. listing by a South Korean company since e-commerce platform Coupang raised $4.6 billion in 2021.
Toss has gained popularity in South Korea by offering banking services alongside a wide range of other financial products through its mobile application.
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