Coupang begins trading on the New York Stock Exchange in earnest … Send report

Coupang is launching an IPO on the New York Stock Exchange (NYSE).

Coupang announced on the 12th (local time) that it had filed an S-1 declaration form with the U.S. Securities and Exchange Commission (SEC) for the listing of Class A common shares.

Unlike the promising NASDAQ listing, it promoted the NYSE listing. The number of common shares to be traded and the range of offering prices have not been determined. Coupang plans to list its common shares on the New York Stock Exchange (NYSE) under the trading symbol “CPNG.”

Unless other variables exist, Coupang is likely to be listed on the New York Stock Exchange in March. Previously, Bloomberg predicted that if Coupang were listed, the company’s valuation value would be $ 30 billion (about 33.2 trillion won).

On the other hand, according to Coupang’s S-1 registration documents released on the same day, Coupang’s net loss last year was approximately $ 474.90 million (525.7 billion won), a sharp decrease from 6,980. , $ 8 million (773.6 billion won) last year. During the same period, sales were $ 1.97 billion (season 13.3 billion won), an increase of 90.8% over the same period last year.