South Korean e-commerce giant Coupang made the strongest stock market debut of a foreign company in six and a half years on Wall Street. Coupang, often called the “Amazon of South Korea,” sold shares for $ 4.6 billion. Around a quarter of the proceeds go to investors, including founder Kim Bom-suk, the rest goes into the company. The shares opened at a price of 81% above the issue price and closed at just under 41% up. This means that the company, which has so far been in loss, is valued at over $ 80 billion. The Chinese Alibaba Group set the standard for a foreign IPO in New York in September 2014 with a volume of 25 billion dollars. You can read more on this topic in the Saturday edition of the Börsen-Zeitung.
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