[종합] Coupang debuts on the New York Stock Exchange, up 81% compared to the public offering.

[뉴욕=뉴스핌] Correspondent Kim Min-jung = Coupang (NYSE: CPNG), which debuted on the New York Stock Exchange (NYSE) on the 11th (local time), opened its first trade at a price 80% higher than the price. of public offer.

The initial price of Coupang was $ 63.50, 81.43% higher than the final public offering price of $ 35. As a result, the market value of Coupang on the first day of trading increased to $ 109 thousand millions.

In 2018, the market value of Coupang was established at $ 9 billion.

Coupang raised $ 4.6 billion through the listing. This is the largest initial public offering this year on the New York Stock Exchange. Previously, the dating app Bumble raised $ 2.15 billion last month through an initial public offering.

Coupang debuted on the New York Stock Exchange (NYSE).[사진=쿠팡 제공] 2021.03.12 [email protected]

Subsequently, Coupang slightly lowered its level to reach $ 54.84, an increase of 56.69% at 1:40 pm EST.

CNBC, an economic news outlet, analyzed that Coupang’s listing on the New York Stock Exchange was listed as another successful company on Japan’s Softbank. Softbank’s Vision Fund owns more than 35% of Coupang.

According to Reuters, SoftBank is estimated to have made $ 33 billion in book value from the Coupang listing.

Goldman Sachs, Alan & Co, JPMorgan and Citigroup acted as organizers of the listing.

In an interview with CNBC on the first day of trading, Coupang’s chairman of the board of directors, Kim Bum-seok, expressed his feelings that he is happy that Coupang can be a small part of the ‘Han River miracle’.

President Kim explained that he will focus on strategy and long-term vision as Coupang has been doing in relation to the company’s outlook for the next few years.

Regarding the implications of this IPO, President Kim said that he would prepare the resources to accelerate Coupang’s journey.

On this day, President Kim participated in the closing ceremony at the NYSE with key executives such as Kang Seung Coupang, Chief Executive Officer Kang Seung, Chief Executive Officer Park Dae-joon, and Chief Financial Officer Gerab Anand (Chief Financial Officer).

A Coupang official said: “We are pleased to put the name ‘Coupang’ on Wall Street, the center of the world’s finance,” and said: “As we have been recognized for our competitiveness on the world stage, we will continue to take on even greater challenges.

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