SoftBank-backed Coupang soars in trading debut after $4.6bn IPO
Coupang trading opens in New York at $63.50 a share — an 81% jump from its IPO price
11 March 2021 - 21:25
New York — South Korean e-commerce giant Coupang delivered the biggest US initial public offering since Uber Technologies’s and then rose — briefly — to become a $100bn company in its trading debut.
Coupang opened trading in New York on Thursday at $63.50 a share, an 81% jump from the price in its upsized $4.6bn IPO on Wednesday. The shares were up 58% to $55.29, giving it a market value of about $95bn...
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