After losing money for a decade straight, Coupang started trading in New York on Thursday with an $80 billion market cap.
After a wildly successful IPO, Coupang is cashed up and ready to take on competitors gunning for the leadership position in Korea’s highly-competitive e-commerce market.
Coupang is facing another death-from-overwork claim just days before it is set for a monster listing on the New York Stock Exchange.
Coupang is set to raise about $2.8 billion in its planned initial public offering (IPO) on New York Stock Exchange, according to an S-1A filed with the Securities and Exchange Commission.
Coupang founder Kim Bom-suk said during the company's first anniversary celebration, in 2011, that he planned to list the company on the Nasdaq within two years.
It’s been little more than a decade since Coupang was established, but the e-commerce operator has been a market disrupter that has set new retail rules.
Coupang is planning to list on the New York Stock Exchange (NYSE) in a $1-billion offering that could make it the largest foreign issuer in the United States since Alibaba.
Korea Investment & Securities (KIS) introduced its “Mini Stock” service Thursday, a mobile stock trading app for shares of international companies, the brokerage announced during an online conference on the day of the rollout.