Korea’s Coupang throws open $3.6bn US IPO

By Jonathan Breen
03 Mar 2021

Coupang, an e-commerce company, has kicked off bookbuilding for an up to $3.6bn IPO that is set to be the largest ever US listing by a South Korean issuer.

Seoul-headquartered Coupang is the largest product e-commerce company in Korea. It is listing on the New York Stock Exchange through its Delaware, US-based parent.

The float comprises 120m class A common shares. Coupang has issued 100m primary shares for the deal. BlackRock-related entities are providing 17.4m of their ...

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