Coupang stocks face doubts as insiders seek divestments
Posted : 2021-03-17 15:26
Updated : 2021-03-18 08:55
Coupang s logo is seen on an electronic signboard in New York, March 11. Courtesy of Coupang
By Park Jae-hyuk
Questions are rising among domestic retail investors over the valuation of Coupang stocks after the e-commerce firm s majority shareholders and employees began to unload their shares within a week after its Wall Street debut.
Korean retail investors snapped up $33.9 million worth of Coupang shares last week, on the day of the company s listing on the New York Stock Exchange. Retail investors have been advised to be cautious about possible fluctuations in the stock price.
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Mirae Asset shares to bounce back on partnership with Naver
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Prestige Biologics to make KOSDAQ debut in March
Posted : 2021-02-19 17:28
Updated : 2021-02-19 17:30
Prestige Biologics CEO Yang Jae-young speaks during a press conference at the Conrad Seoul in Yeouido, Seoul, Friday. Courtesy of Prestige Biologics
By Anna J. Park
Prestige Biologics, a Korea-headquartered contract development and manufacturing organization (CDMO) business, is set to debut on the tech-heavy KOSDAQ next month.
Founded in 2015, Prestige Biologics has focused on manufacturing and developing biologic drugs, particularly biosimilars ― biologic drugs whose patents have expired.
During a press conference Friday in Yeouido, the bio company said it plans to raise 63.9 billion won ($57.7 million) by offering 7.35 million in shares through an initial public offering (IPO).
By Lee Min-hyung
Mirae Asset Daewoo has reported a record operating profit of 1.12 trillion won ($1 billion) for 2020, up 51.76 percent from the previous year, on robust sales in its overall businesses ― such as wealth management and investment banking ― the brokerage firm said in a preliminary earnings report released Friday.
This is the first time that a local securities firm s annual operating profit has surpassed 1 trillion won. We have achieved stable and solid sales performance at our major businesses, an official from the company said.
Mirae Asset also reported annual sales of 16.89 trillion won during the same period, up 9.42 percent from a year earlier.