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Related shares surge on news of’Coupang approves preliminary examination for listing on NASDAQ’

Input 2021.01.12 09:44

The news that Coupang has passed the preliminary examination for listing on the NASDAQ market, the related stocks are strong at the beginning of the 12th.

As of 9:40 am on that day, in the stock market Touhou (004140)Silver is trading at the upper limit of 3915 won, up 900 won (29.85%) compared to the previous trading day. Dongbang signed a contract with Coupang as a logistics company in December 2018, and is classified as a related stock.

Same time Daeyoung Packaging (014160)Silver is trading at 1890 won, up 290 won (18.13%) from the battlefield. At the KOSDAQ market KTH(036030)Is trading at 9200 won, up 1690 won (22.5%). Daeyoung Packaging manufactures and sells cardboard boxes. KTH, a KT subsidiary, is collaborating with Coupang Play, an OTT service started by Coupang, in the movie content section.

The day before, according to Bloomberg, Coupang recently passed a preliminary examination for the NASDAQ IPO through the listing organizer Goldman Sachs. It is expected to complete listing on the NASDAQ within the first quarter of this year as early as possible. The value of the enterprise is expected to be estimated at more than about 30 billion dollars (about 32.67 trillion won).

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