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(CPNG), SOFTBANK CORP ORD (SFTBF) - Coupang Shows US Is Most Lucrative Market For Tech IPOs : Bloomberg benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
South Korean e-commerce major Coupang Inc.’s (NYSE: CPNG) IPO is slated to be the largest listing by a Korean company in a decade, Bloomberg reports. What Happened: New York continues to remain in favor of the Korean e-tailer IPO backed by SoftBank Group Corp’s (OTC: SFTBF) (OTC: SFTBY) Masayoshi Son due to the substantial valuation premium, market liquidity, and uneven voting rights in favor of Coupang’s founder, Harvard Business School. ....
15 February 2021 Origin Energy’s returns have been every bit as bad as AGL’s over the past 12 months – and over the past three years. Over three years, the share price has halved. In AGL’s case, it’s taken a few years for the mirage that the Hazelwood closure caused to fade – and it’s fading – revealing the futility of going big in coal generation. In Origin’s case, it’s more of a slow death of falling gas prices and the inability to establish a steady growth business in almost any area. One minor but important exception is Community Energy Services, where gross profit is now up to $75 million a year. ....
SEOUL: The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market. Shin Poong Pharmaceutical Co, which is developing its malaria drug Pyramax as a treatment for the coronavirus, rose more than any other South Korean stock. Its 16-fold gain also topped the 1,573-member MSCI Asia Pacific Index. With Tesla Inc’s S&P 500-best performance one of the other major stories of 2020, investors sought out EV plays worldwide. Tesla’s top battery supplier LG Chem Ltd climbed 160%, the second-largest contributor to gains in South Korea’s main stock index. ....
Covid Drug, EV Batteries Were Winning Korean Stock Bets in 2020 Bloomberg 12/30/2020 The 1,600% jump in a Covid-19 drugmaker loved by retail traders and big gains for electric-vehicle battery suppliers were among the top highlights this year in South Korea’s stock market. Shin Poong Pharmaceutical Co., which is developing its malaria drug Pyramax as a treatment for the coronavirus, rose more than any other Korean stock. Its 16-fold gain also topped the 1,573-member MSCI Asia Pacific Index. With Tesla Inc.’s S&P 500-best performance one of the other major stories of 2020, investors sought out EV plays worldwide. Tesla’s top battery supplier LG Chem Ltd. climbed 160%, the second-largest contributor to gains in South Korea’s main stock index. ....