South Korea's Coupang Inc, which is backed by SoftBank Group Corp, is targeting a blockbuster stock market debut that would value the e-commerce giant at well over $50 billion and make it the largest U.S. initial public offering this year.
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.