Coupang, directly listed in the U.S.,’jackpot’ of 50 trillion corporate value

Bum-Seok Kim Chairman of Coupang Board of Directors[사진=쿠팡 제공]

As Coupang’s listing on the US stock market accelerates, interest in the future corporate value, Chairman Kim Bum-seok’s annual salary, and the timing of listing completion is increasing.

According to the financial investment industry on the 14th, Coupang made a full-fledged entry into the US stock market by submitting a listing report to the New York Stock Exchange (NYSE) on the 12th (local time).

The size of the listing has not been confirmed yet, but the amount of financing is known to be $1 billion (about 1.1 trillion won). Bum-seok Kim, Chairman of Coupang’s board of directors, initially promoted listing on the NASDAQ, but was the first Korean company to go through the listing process on NYSE, the world’s largest stock exchange. The aim is to invest in stable funds and enter the stock market with speed.

Major foreign media such as Bloomberg are forecasting Coupang’s corporate value to be 30 to 50 trillion won. It is estimated that Coupang expects more than 40 billion dollars (about 44.28 trillion won).

During the listing process, Coupang granted Class B common stock rights to the shares held by Chairman Kim. It is a stock that has 29 times more voting rights than Class A common stocks issued to ordinary investors. If you have only 2% of the shares after listing, you can exercise the voting rights equivalent to 58% of the shares at the general shareholders’ meeting.

Coupang plans to pay up to 100 billion won to pay back treasury stock as a bonus to its delivery driver’Coupangman’ and regular employees. Currently, the number of Coupang employees is about 50,000, and they will receive 2 million won worth of shares per person.

Chairman Kim received an annual salary of $88,6635 (approximately 981 million won) and a total of $13.27 billion (approximately 1,677,000 million won) in bonuses in the form of stocks, and received a remuneration of $14,434,1229 (1.87 billion won). If entry into the US stock market is confirmed, expected profits such as annual salary can rise to trillion won. The investment industry expects Coupang’s entry into the US stock market to be completed within March.