Input 2021.01.07 14:26
SoftBank Vision Fund, led by Chairman Son Jeong-eui (Japanese name Son Masayoshi), has a 37% stake in Coupang by investing $2.7 billion. Coupang has repeatedly stated that it is the target of listing on the US stock market.
In addition to Coupang, Bloomberg selected Indonesian e-commerce company Tocopedia, Chinese car-sharing service company Didichusing, Indian insurance comparison site Polishibazaar, German used car trading company Auto 1 Group, and TikTok parent company China Byte Dance as the dominant companies in this year’s IPO.
Softbank has invested more than 10 billion dollars to secure about 20% of Didi Chuxing in China. Didi Chushing is reported to be promoting listing on the US stock market in the second half of this year.
Last year, Softbank made an investment hit with listings such as Door Dash, the largest food delivery startup in the United States, and KE Holdings, a Chinese company, last year.