[국제]Coupang listed on the New York Exchange closes 40% increase…Market capitalization of 95 trillion won

[앵커]

Coupang, an online commerce company called Amazon in Korea, started trading after being listed on the New York Stock Exchange.

The public offering price was set higher than the initial bid price, the initial price rose by more than 80%, and the closing price rose 41% from the offering price, resulting in a successful IPO.

Let’s connect Washington and learn more. Correspondent Taewook Kang!

It is the largest public offering on the New York Exchange since the Chinese company Alibaba in 2014. Is it successful?

[기자]

The price per share Coupang hoped for was between $32 and $34.

However, the public offering price set by the New York Exchange as a result of the screening was higher than this $35.

When the actual stock market opened and trading began, the initial price, which was formed at 63 dollars and 50 cents, soared more than 80%.

Since then, the price has fluctuated, and the closing price increased by 41.49% from the offering price and by 14 dollars and 52 cents to 49 dollars and 52 cents.

As a result, Coupang’s market capitalization reached 100 billion dollars and reached 100 trillion won with our money, but reached 95 trillion won by closing.

Based on the traded stock price, it is a so-called jackpot.

Bloomberg News reported that the Coupang IPO is the largest foreign company listed on the U.S. since Alibaba in 2014, the largest on the New York Stock Exchange after Uber, worth $8.1 billion in 2019.

[앵커]

There was also an event where Coupang’s executives and employees rang a bell to announce the start of the New York Exchange, right?

[기자]

When a meaningful company is listed, business people hold an event to announce the start of the stock market on the day of listing.

Bum-Seok Kim, Chairman of Coupang’s Board of Directors and executives and employees, rang the opening bell at 9:30 am to announce the listing.

Chairman Kim and executives were thrilled with applause and cheers with expressions of widespread laughter throughout the day.

The flag of Coupang’s company was hung along with the Korean flag on the outside of the New York Stock Exchange building as well as inside the event.

Chairman Kim held a press conference after the listing transaction was closed.

He said he was pleased to be named’Coupang’ on Wall Street, the world’s financial center, and said that he will continue to take on even greater challenges as it has been recognized on the global stage.

He also explained that the company will raise more than 5 trillion won in capital through the public offering, and that it will invest in innovation such as early morning delivery and creation of good jobs.

YTN Kang Tae-wook in Washington so far[[email protected]]is.

[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]