SoftBank-backed Coupang goes public: CNBC

South Korea-based ecommerce firm Coupang has raised $4.55 billion for its IPO after pricing its 130 million shares at $35 per share, reported CNBC.

South Korea-based ecommerce firm Coupang has raised $4.55 billion for its IPO after pricing its 130 million shares at $35 per share, reported CNBC. Coupang went public March 11, 2021 on the New York Stock Exchange under the ticker symbol “CPNG.” Goldman Sachs, Allen & Co, J.P. Morgan, Citigroup and HSBC were the underwriters. Coupang’s pre-IPO backers include SoftBank’s Vision Fund and Sequoia Capital.

Source: CNBC