
Coupang. <한겨레> Material photo
Coupang, which is about to be listed on the New York Stock Exchange (NYSE) on the 11th (local time), has raised the bid price per share to $32-34. The desired price suggested in the stock declaration before only 8 days ago is $27~30Considering that, in less than ten days, the enterprise value jumped from 57 trillion won to 66 trillion won, which is about 9 trillion won. ‘Coupang Inc’, which is a corporation in Delaware, USA, reported to the Securities and Exchange Commission (SEC) on the 9th (local time). Securities report revisedThe public offering price per share was increased in this way. If listed at $34, the top of the proposed price, Coupang’s ransom will be $58 billion (approximately 66 trillion won). It is 9 trillion won more than the $55 billion (about 57 trillion won) of the company value calculated at the top of the existing public offering price ($30). It is interpreted that Coupang gained confidence at the local road show (investment briefing) in raising the public offering price just before listing. Coupang’s stocks subject to public offering are 120 million shares (100 million new shares + 20 million old shares). If Coupang is listed at $34 per share, it could raise $3.4 billion (about KRW 3.87 trillion). The public offering price will be confirmed on the 10th (local time) and will be listed on the New York Stock Exchange on the 11th, the next day under the ticker code’CPNG’. However, on the 6th, 7 workers who worked in Coupang for the past year, including two Coupang employees, died. ‘Overwork death risk’It is also growing. In this regard, Coupang is planning to hold a’employment rule revision briefing session’ on measures to improve working conditions for logistics center employees on the 11th. By Park Soo-ji, staff reporter