SoftBank-backed Coupang sets IPO terms
March 2, 2021- Share:
Ecommerce company Coupang plans to raise as much as $3.6 billion in its IPO after selling 120 million shares at between $27 and $30 per share. At the midpoint price, the South Korean company would be valued at more than $51 billion on a fully diluted basis. SoftBank owns 35% of the company's pre-IPO shares, followed by Greenoaks Capital Partners (17.7%) and Maverick Holdings (6.8%). Coupang was reportedly valued at $9 billion in 2018.
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