Coupang marks record Q1 sales after NYSE listing
Posted : 2021-05-13 18:10
Updated : 2021-05-13 18:10
Coupang founder Kim Bom poses after his company debuted on the New York Stock Exchange in March. Yonhap
By Kim Jae-heun
The country s largest online retailer Coupang reported record sales for the first quarter, Thursday, after making its debut on the New York Stock Exchange in March.
The company said its quarterly sales reached $4.26 billion, or about 4.73 trillion won, up by 74 percent from a year ago. The figure is biggest achievement in any of Coupang s first-quarter sales figures.
At the same time, Coupang s number of active users ― those who have a record of purchasing an item through the online platform ― have soared by 21 percent to reach 16.03 million between January and March.
Coupang s market value expected to exceed $50 billion
Posted : 2021-03-02 16:10
Korean giant e-commerce aims to raise $3.6 billion through NYSE IPO
By Anna J. Park
The specific market value of Korea s online retailer giant Coupang has finally been set at around $51 billion, as the e-commerce giant disclosed Monday with a filing at the U.S. Securities and Exchange Commission (SEC) that its Class A common stock price will range between $27 and $30. It is currently estimated that the initial public offering price will be between $27 and $30 per share. We have been approved to list our Class A common stock on the New York Stock Exchange under the ticker symbol CPNG, Coupang s revised S-1/A filing with the U.S. SEC disclosed on Monday read.
Coupang to make IPO debut on NYSE
Posted : 2021-02-14 17:06
E-commerce giant to go public as early as March
By Anna J. Park
Coupang, one of the largest and fastest-growing e-commerce tech giants headquartered in Korea, could make its initial public offering (IPO) debut on the New York Stock Exchange (NYSE) as early as March. The e-commerce company officially kicked off its efforts to achieve the NYSE listing late last week, submitting its S-01 form required by the Securities and Exchange Commission (SEC) Friday.
Once the S-1 filing is completed, the IPO process could usually be wrapped up in three or four weeks. Given the timeline, Coupang s Class A common stocks will begin to be publicly traded under the ticker symbol of CPNG as early as March.