Coupang IPO: VC explains bullish investment case for "Amazon of Korea"
But in the eyes of venture capitalist Eric Kim, Coupang has already been "out-Amazoning Amazon" in Korea for a while. SoftBank-backed Coupang, which raised $4.6 billion in IPO proceeds, had an extremely auspicious start on the New York Stock Exchange on Thursday. Shares rocketed as much as 84% intraday before paring gains and closing up 42% on the day. The ten-year-old company is led by billionaire Bom Kim, who dropped out of Harvard Business School after just six months to capture the massive e-commerce opportunity in South Korea. Eric Kim first met Bom Kim in 2011, also just six month...
Source: businessinsider.com