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今年迄今美股最大IPO：韩国电商巨头Coupang上市首日高开80%

So far this year, the largest IPO of US stocks: South Korean e-commerce giant Coupang opened 80% higher on its first day of trading.

新浪財經 ·  Mar 12, 2021 01:28

South Korean e-commerce giant Coupang (ticker "CPNG") rose 80% on its first day of trading on Thursday, opening at $63.50.

Coupang had previously priced its US IPO at $35 a share, above its target range of $32-34, and would sell 120 million shares to raise $4.2 billion, giving the company a market capitalization of $60 billion.

That makes Coupang the largest IPO in US stocks so far this year, surpassing the $2.15 billion of Bumble, a female dating app, last month.

Driven by home consumption trends during the epidemic, Coupang's sales surged 91 per cent to $11 billion last year, while its net loss narrowed to $567.6 million from $770 million the previous year.

Softbank Corp. Group, the largest shareholder of Coupang, will benefit from the IPO by US $16 billion. This means that after voting for Baba of China,After a great success, son bet on South Korea's "BABA" again.

The translation is provided by third-party software.


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