LPNEWS
Last week, Coupang (CPNG) – which is the largest e-commerce operator in South Korea – pulled off the largest IPO of the year in the U.S. equities markets. The company raised a hefty $4.6 billion and the price surged 41% on the first day of trading, with the market cap hitting $89 billion. The underwriters included Goldman Sachs, Allen & Company, J.P. Morgan, Citi and HSBC. The CEO and founder, Bom Kim, started the company in 2010.

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