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SoftBank-backed e-commerce firm Coupang raises $4.2 bn in US IPO: Report

Read more about SoftBank-backed e-commerce firm Coupang raises $4.2 bn in US IPO: Report on Business Standard. The IPO price of $35 apiece, higher than the marketing range $32-$34 per share, gives Seoul-headquartered Coupang, which is backed by Japan s SoftBank Group Corp, a market value of $60 billion ....

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SoftBank-backed Coupang raises $4.6 billion in US IPO

By Chibuike Oguh, Joshua Franklin and Joyce Lee
(Reuters) - Coupang LLC, South Korea s largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this year after selling stocks in IPO above its deal target range, the company said on Thursday.
Coupang said in a statement that it had priced 130 million shares sold in the IPO at $35 per share, higher than the marketing range $32-$34 per share, giving Seoul-headquartered e-commerce giant, which is backed by Japan s SoftBank Group Corp, a market value of $60 billion.
Founded in 2010 by Korean-American billionaire Bom Suk Kim, Coupang rose to prominence after launching its guaranteed same-day or next-day delivery service in the East Asian country. SoftBank s $100 billion Vision Fund owns 35.1% of Coupang. ....

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Online boom: SoftBank-backed Coupang surges to over US$100 bln valuation in debut

NEW YORK/BOSTON/SEOUL/BENGALURU/HONG KONG (March 11): SoftBank Group Corp-backed Coupang was valued at around US$109 billion in its market debut on Thursday, after South Korea's largest e-commerce company raised around US$4.6 billion in the biggest US initial public offering this year. Coupang's stock soared 81% to open at US$63.50. The company had priced 130 million shares sold in the IPO at US$35 per share, higher than the marketing range US$32-US$34 per share, giving the Seoul-headquartered e-commerce giant a market value of US$60 billion. ....

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SoftBank-backed Coupang raises $4.6 billion in biggest US IPO this year

Coupang said it had priced 130 million shares sold in the IPO at $35 per share, higher than the marketing range $32-$34 per share, ....

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Coupang, South Korea's e-commerce giant surges in public debut

Coupang, South Korea's e-commerce giant surges in public debut
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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