Coupang lines up $3bn IPO as US sees rare visit from Korea

By Jonathan Breen
18 Feb 2021

South Korean e-commerce firm Coupang is set for a multi-billion-dollar New York IPO — the first US listing from the country for a decade. The deal structure could appeal to other Korean start-ups, bankers said this week. Jonathan Breen reports.

Coupang, backed by Japan’s SoftBank Group, has filed paperwork for a New York Stock Exchange IPO with the US Securities and Exchange Commission. The deal has a $1bn placeholder size, but the issuer aims to raise about $3bn, said a source familiar with the IPO. The listing is ...

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