Coupang may raise up to $3.6 billion in its IPO, at a potential valuation of $51 billion

Coupang may raise up to $3.6 billion in its IPO, at a potential valuation of $51 billion

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/03/01/coupang-may-raise-up-to-3-6-billion-in-its-ipo-at-a-potential-valuation-of-51-billion/

According to an amended S-1 filing, South Korean e-commerce leader Coupang expects to price its initial public offering between $27 to $30 per share, potentially raising up to $3.6 billion. After the IPO, Coupang will have a total of 1.7 billion shares outstanding, including Class A and Class B. This means the means the pricing would give Coupang a potential market capitalization between $46 billion to $51 billion, a huge increase over the $9 billion valuation it reached after its last funding round in 2018, led by SoftBank Vision Fund.

Coupang and some of its existing shareholders will offer a total of 120 million shares during the IPO.