Create Account
Log In
Dark
chart
exchange
Premium
Terminal
Screener
Stocks
Crypto
Forex
Trends
Depth
Close
Check out our Dark Pool Levels


South Korean E-Commerce Company Coupang Files IPO


Benzinga | Feb 12, 2021 02:03PM EST

South Korean E-Commerce Company Coupang Files IPO

* South Korean e-commerce company Coupang (NYSE:CPNG), backed by SoftBank Group Corp (OTC:SFTBF), filed for an initial public offering.

* The number of shares and the price range for the IPO are yet to been determined.

* It has applied for listing on the NYSE under the ticker symbol "CPNG."

* Goldman Sachs & Co. LLC, Allen & Company LLC, J.P. Morgan, BofA Securities and Citigroup are the lead book-running managers for the IPO. HSBC, Deutsche Bank Securities, UBS Investment Bank, Mizuho Securities, and CLSA are the bookrunners.

* Coupang's revenue rose 91% to $11.97 billion year-on-year, and net loss fell 32% to $474.9 million.

* SoftBank made a $1-billion investment in Coupang in 2015. SoftBank's Vision Fund invested an additional $2 billion in 2018. Coupang was valued at $9 billion based on the last round of funding CNBC reports.







Share
About
Pricing
Policies
Markets
API
Info
tz UTC-4
Connect with us
ChartExchange Email
ChartExchange on Discord
ChartExchange on X
ChartExchange on Reddit
ChartExchange on GitHub
ChartExchange on YouTube
© 2020 - 2025 ChartExchange LLC