Investors also wandered openly… Coupang, market cap of 96 trillion on the first day of US stock market debut
Chairman Kim Bum-seok “Invest in early morning delivery and job creation”
500 Large Companies> Distribution | 2021-03-12 09:05:19
The Korean flag flying in the heart of Wall Street in New York. Ahead of Coupang’s listing, a Korean flag with Coupang’s logo was hoisted on the New York Stock Exchange building. Photo = Coupang
On the first day of Coupang’s US stock market debut, Coupang finished trading at a price that exceeded the public offering price by more than 40%. Chairman Kim Bum-seok, who watched the listing, couldn’t hide his excitement.
Coupang Inc stock traded on the New York Stock Exchange (NYSE) on the 11th (local time) closed at $49.25, up 40.71% from the public offering price. Even after the close of the market, he ran nearly 5% more.
The stock price soared to $69 intraday, and 9123,786 shares were traded during the day.
The evaluation of being an e-commerce company that has been recognized as the highest value since Alibaba and is called’Korea’s Amazon’ was also reflected in the two-sent.
In Korea, there has also been a movement to trade Coupang stock. Investors also stayed up all night with a tight opinion on whether to invest in Coupang shares on the site that informs the market price in real time.
Coupang went public on the 11th at 9:30 am (local time) and rang an opening bell to announce the opening. Photo = Coupang
Coupang was recognized for an enterprise value of $60 billion, far more than what was hoped for in the calculation of the public offering. If the closing price is substituted on this day, the current market capitalization amounted to 84.5 billion dollars and about 96 trillion won in Korean currency.
Coupang went public on the 11th at 9:30 am (local time) and rang an opening bell to announce the opening. Major executives attended, including Coupang Chairman Kim Bum-seok, Kang Seung, Coupang CEO, Park Dae-jun, Coupang CEO, and Coupang CFO Gaurav Anand. Behind them, along with key executives, Kuchin (Coupang friend) also took place and drew attention.
In an interview with CNBC, Chairman Kim Bum-seok said, “IPO is a resource that can keep our journey unchanged. We will use it for early morning delivery, job creation, and technological innovation.”
[CEO스코어데일리 / 김수정 기자 / [email protected]]
Copyright @CEO LAB. All rights reserved.