Hundred dollar bill. Falling money isolated background. American cash.

SEEKING ALPHA reports:

– South Korean e-commerce giant Coupang (CPNG) is indicated to open at $59-$62/share in an IPO after pricing at $35/share last night.

– Coupang is raising about $4.6b for a market valuation of about $60b based on the IPO pricing last night.

– Coupang, which many view as South Korea’s answer to Amazon, had planned to sell 120m shares at $32-$34/share, which had been raised from $27-$30.

To read the full post, please click here (free reg. may be required).

You may also want to read this ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.