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Korean e-commerce giant Coupang is expected to hold one of the biggest tech IPOs of the year on March 11. The company disclosed earlier this month that it is seeking up to $3.6 billion at a potential $51 billion valuation on the New York Stock Exchange. Founded in 2010, Coupang is sometimes described as the Amazon of South Korea, but for years it has managed the impressive feat of achieving an even higher dollar retention rate than Amazon, according to a report by Goodwater Capital.

This week’s IPO calendar has several high profile offerings coming to the public markets. The delayed and highly anticipated direct listing from Roblox leads the week, along with South Korean e-commerce company Coupang and U.S. arts and craft retailer Joann. Roblox Corporation: Online gaming company Roblox Corporation (NYSE: RBLX) is going public with a direct listing to sell 196.7 million shares. The company has 31.1 million daily active users...

Share: This week’s IPO calendar has several high profile offerings coming to the public markets. The delayed and highly anticipated direct listing from Roblox leads the week, along with South Korean e-commerce company Coupang and U.S. arts and craft retailer Joann. Roblox Corporation: Online gaming company Roblox Corporation (NYSE: RBLX) is going public with a direct listing to sell 196.7 million shares. The company has 31.1 million daily active users as of September, up 81% year-over-year. In the most recent reported nine-month period, users spent 22.2 billion hours engaged on the company...

Coupang Eats' new delivery fee policy hits riders Posted : 2021-03-03 09:08 Updated : 2021-03-03 17:13 A Coupang Eats rider delivers food on a bicycle in Seoul, in this Jan. 31 handout photo. Courtesy of Coupang By Kim Jae-heun Local food delivery platform Coupang Eats has met resistance from the union that represents its riders after reducing its commission fee for workers of the delivery service. Coupang Eats adopted a new fee system on Tuesday that pays delivery workers 600 won less than the previous 3,100 won of its standard commission fee. Instead, the food delivery player decided to ...

Coupang's market value expected to exceed $50 billion Posted : 2021-03-02 16:10 Korean giant e-commerce aims to raise $3.6 billion through NYSE IPO By Anna J. Park The specific market value of Korea's online retailer giant Coupang has finally been set at around $51 billion, as the e-commerce giant disclosed Monday with a filing at the U.S. Securities and Exchange Commission (SEC) that its Class A common stock price will range between $27 and $30. "It is currently estimated that the initial public offering price will be between $27 and $30 per share. We have been approved to list our Class ...