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[Bridge to Africa] Africa-Korea partnership: Why it matters for future
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MPs blessed with gifts in 2021
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South Korean e-commerce giant Coupang files for IPO on NYSE
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If Coupang successfully has its stocks listed in the United States, it would mark the biggest IPO for a foreign company since Alibaba’s debut in 2014. Photo courtesy of Coupang
SEOUL, Feb. 15 (UPI) South Korean e-commerce giant Coupang has filed for an initial public offering on the New York Stock Exchange.
In the IPO documents submitted to the U.S. Securities and Exchange Commission on Friday, the Seoul-based company said it will sell Class A common stocks on the New York market, without disclosing details.
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If Coupang successfully has its stocks listed in the United States, it would mark the biggest IPO for a foreign company since Alibaba s debut in 2014. Back then, the Chinese entity was valued at some $168 billion.
Skepticism persists over eBay s successful exit from Korea
Posted : 2021-01-06 16:20
Goldman Sachs, Morgan Stanley said to handle tall task
By Park Jae-hyuk
Local brokerage analysts have expressed skepticism over whether Goldman Sachs and Morgan Stanley will be able to help eBay sell its sluggish Korean operation for the price it wants, 5 trillion won ($4.6 billion).
According to media reports and industry sources, Wednesday, the U.S. e-commerce giant hired the two global investment banks late last year as dual-underwriters in the unloading of eBay Korea ― replacing Credit Suisse. The latter was unable to get the deal done successfully last year.