(Courtesy of Coupang)
Coupang surged over 40% in its trading debut, valuing the South Korean ecommerce company at $88.3 billion on a fully diluted basis.
- Coupang raised $4.6 billion in its IPO, one of the year's biggest, after pricing its shares at $35 apiece. Shares closed Thursday at $49.25 each on the NYSE.
- SoftBank's 33% stake in the company was worth about $28 billion, based on Coupang's closing stock price. GreenOaks Capital Partners' 16.6% stake was valued at $14.1 billion; Maverick Capital's 6.4% holding was worth $5.4 billion.