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 months after Coupang launched. Then, as a managing director at the long/short hedge fund Maverick Capital, Eric led the early-stage investment in Coupang on behalf of Maverick and stayed on the board at Coupang on Maverick s behalf until 2017.
Coupang rides out tech turmoil ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.
CytoSorbents to Present at the Oppenheimer 31st Annual Healthcare Conference
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MONMOUTH JUNCTION, N.J., March 12, 2021 /PRNewswire/
CytoSorbents Corporation (NASDAQ: CTSO), a critical care immunotherapy leader commercializing its CytoSorb® blood purification technology to treat deadly inflammation in critically-ill and cardiac surgery patients around the world, announces its participation the Oppenheimer 31
st Annual Healthcare Conference. Chief Executive Officer, Dr. Phillip Chan, MD, PhD will present an overview of the Company s progress and outlook. Company management will also meet with investors in 1x1 meetings throughout the day. To schedule a meeting with management, please contact your Oppenheimer representative.
Coupang, the Amazon of South Korea, sees its shares pop in mega US IPO kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.