Private Equity

Softbank-backed Coupang Aims To Deliver Mammoth Us Ipo At Over Us$50-billion Valuation, Companies & Markets News & Top Stories - The Straits Times

by straitstimes.com posted 4months ago 181 views
March 02, 2021 2:15 AMCoupang said it would price its offering between US$27 and US$30 a share. : NEW YORK (REUTERS) - South Korea's Coupang Inc, which is backed by SoftBank Group, is targeting a blockbuster stock market debut that would value the e-commerce giant at well over US$50 billion (S$66.4 billion) and make it the largest US initial public offering this year. In a regulatory filing on Monday (March 1), Coupang said it would price its offering between US$27 and US$30 a share. At the upper end of that range, Coupang will raise as much as US$3.6 billion.

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