Pershing Square Holdings, Ltd Notes Insider Transactions finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Coupang stocks face doubts as insiders seek divestments
Posted : 2021-03-17 15:26
Updated : 2021-03-18 08:55
Coupang s logo is seen on an electronic signboard in New York, March 11. Courtesy of Coupang
By Park Jae-hyuk
Questions are rising among domestic retail investors over the valuation of Coupang stocks after the e-commerce firm s majority shareholders and employees began to unload their shares within a week after its Wall Street debut.
Korean retail investors snapped up $33.9 million worth of Coupang shares last week, on the day of the company s listing on the New York Stock Exchange. Retail investors have been advised to be cautious about possible fluctuations in the stock price.
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Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang – worth more than $1 billion – to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the
Pershing Square Capital Management hedge fund, invested his personal money as an early backer of Coupang, CNBC first reported last Thursday on the firm’s NYSE debut.
Two Sigma Investments plans to ask staff to return to the office in September and will experiment with a hybrid model that allows them to work remotely two days a week. Employees should expect the change to take effect after Labor Day, “but that’s going to depend on the science, the availability of vaccines, and schools opening, global regulations,” Two Sigma Chief Technology Officer