Hope public offering is $27~30… Submission of securities report
Up to KRW 4 trillion in funding
-Coupang, the number one e-commerce company in Korea, is expected to be listed on the US stock market next week. The IPO will raise funds for Coupang up to $3.6 billion.
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The offering price is set to be between $27 and $30 per share. On the 1st, Coupang submitted a revised securities report to the Securities and Exchange Commission (SEC), which calculated and revised the desired public offering price. When the public offering price is confirmed, it is expected to start trading the next day, the 11th. There are 10 securities companies in charge of listing, including Goldman Sachs (GS), JP Morgan (JPM), Citigroup (CITI), HSBC, Deutsche Bank (DB), and UBS.
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The total number of shares issued by Coupang is about 1.76 billion. Class A (one voting right per share) is about 1,53,200 shares, and Class B (29 voting rights per share) has the remaining 174 million shares. Of these, 120 million shares ((100 million new shares, 20 million old shares) are listed, and Coupang has a minimum of $3.24 billion (about KRW 3.64 trillion) and a maximum of $3.6 billion (about 4 trillion won). KRW trillion) is expected to be raised.
According to the New York Stock Exchange (NYSE), the final public offering for Coupang (CPNG) is on the 10th (local time) ahead of the calculation date.
–The offering price is set to be between $27 and $30 per share. On the 1st, Coupang submitted a revised securities report to the Securities and Exchange Commission (SEC), which calculated and revised the desired public offering price. When the public offering price is confirmed, it is expected to start trading the next day, the 11th. There are 10 securities companies in charge of listing, including Goldman Sachs (GS), JP Morgan (JPM), Citigroup (CITI), HSBC, Deutsche Bank (DB), and UBS.
–The total number of shares issued by Coupang is about 1.76 billion. Class A (one voting right per share) is about 1,53,200 shares, and Class B (29 voting rights per share) has the remaining 174 million shares. Of these, 120 million shares ((100 million new shares, 20 million old shares) are listed, and Coupang has a minimum of $3.24 billion (about KRW 3.64 trillion) and a maximum of $3.6 billion (about 4 trillion won). KRW trillion) is expected to be raised.
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