South Korean e-commerce giant Coupang closes its first day of trading at $49.25 a share, down from $63.50, after raising $4.2B in an IPO at a valuation of ~$60B
CNBC Jessica Bursztynsky
Related Coverage
- View article Protocol
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- Stanley Druckenmiller, Bill Ackman are among the big early investors in hot IPO Coupang CNBC · Kevin Stankiewicz
- Coupang just pulled off the year's biggest NYSE IPO and is worth over $100 billion. But the CEO tells us he's not expanding to the US Insider · Candy Cheng
- Coupang Closes at $49.25 a Share in Stock Market Debut TheStreet · Vidhi Choudhary
- After Coupang soars in US IPO, can it deliver for the long term? Nikkei Asia · Kim Jaewon
- South Korean e-commerce giant Coupang jumps 84% in public trading debut after raising $4.6 billion in IPO Insider · Will Daniel
- Korea's Coupang Opens for Trading at $63.50. It's Now Worth $114 Billion. Barron's Online · Eric J. Savitz
- Coupang debut: How South Korea's e-commerce giant traded on IPO day Yahoo Finance
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- Coupang follows Roblox to a strong first day of trading TechCrunch · Alex Wilhelm
- Coupang surges to over $100 billion valuation after $4.6 billion IPO The Economic Times
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- Coupang Handpicked Few Investors to Buy Into Mega IPO Bloomberg · Crystal Tse
Discussion
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@cnbci
@cnbci
on x
“This is a great showcase for the Asia region and South Korea specifically,” said Eric Kim of Goodwater Capital, on Coupang's stellar U.S. market debut, making them the largest IPO so far this year in U.S. https://www.cnbc.com/... https://twitter.com/...
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@thedomino
Dominic Chu
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Coupang $CPNG Some call it the Amazon of South Korea. IPO today...biggest one so far in 2021. No really...a traditional IPO...with a roadshow and underwriters...pricing range...etc Nice change of pace from SPACs & direct listings...no? 😉 https://www.cnbc.com/...
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@marketurbanism
Market Urbanism
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Some good South Korean modern multistory warehouse porn in this NYT article about Coupang. If the US is going to make truck-accessible multistory warehouses work, we may need to give up the idea of driving 53' trailers up them https://www.nytimes.com/... https://twitter.com/...
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@dafrankel
David Frankel
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Today @Coupang becomes $CPNG. 11 years after being invited by Bom Kim to participate in Coupang's seed round, its astounding trajectory reminds me of three key facts: 🤝 Founders > Markets 🏁 Velocity = Victory ☎️ Always take @billackman's call https://www.nytimes.com/... /🧵
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@epaley
Eric Paley
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Big day! Thank you @dafrankel for teaching me early that fund rules must be broken for the right opportunities! https://twitter.com/...
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@cwroehl
Christian W. Rhl
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Heute an der #WallStreet der größte Börsengang seit Uber 2019: #Coupang, so eine Art #Amazon von Südkorea, hat $4,6 Mrd. eingesammelt. Größter Altaktionär übrigens einmal mehr #Softbank, 2015 auf einem Zwölftel (!) der heutigen Bewertung eingestiegen. https://www.bloomberg.com/..…
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@mparekh
Michael
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Up next: $CPNG: https://www.cnbc.com/....
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@shiraovide
Shira Ovide
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..."known as Coupang Men, but recently renamed Coupang Friends" https://www.nytimes.com/... by @choesanghun https://twitter.com/...
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@business
@business
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Coupang prices its U.S. IPO above a targeted range to raise $4.2 billion, which would value the e-commerce giant at about $60 billion https://www.bloomberg.com/...