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(Seoul = Yonhap News) Reporter A-Ram Kim = When Coupang officially listed the New York Stock Exchange, the stocks in the domestic stock market surged on the 15th.
Dongbang, a transportation logistics company that signed a contract with Coupang as a logistics company in the stock market on that day.[004140]Ended at 9,970 won, up to the price limit (29.99%) compared to the previous trading day.
In addition, KCTC has signed a logistics and warehouse business partnership with Coupang.[009070](29.88%), KTH signed a content supply contract with Coupang Play[036030](29.87%) also recorded an upper limit.
Youngpoong Paper on the prospect that demand for corrugated cardboard will increase if Coupang’s parcel delivery volume increases[006740](29.92%), Daeyoung Packing[014160]Corrugated cardboard makers such as (29.86%) also ended the market at an upper limit.
On the 12th (local time), Coupang announced that it had submitted a report for listing on the New York Stock Exchange (NYSE) through a public announcement by the Securities and Exchange Commission (SEC).
Coupang plans to list on the New York Stock Exchange under the ticker code’CPNG’, not the NASDAQ originally expected in the market.
The estimated market capitalization after Coupang listing, estimated by foreign media, is in the range of 30 trillion won to 50 trillion won.
Park Jong-dae, a researcher at Hana Financial Investment, explained, “There seems to be no big disagreement that Coupang will expand its market share in the future based on its enormous direct purchase, logistics, delivery, and IT capabilities as the number one company in the Korean online distribution market.
In addition, he added, “The listing effect is great, such as capital expansion and new investment expansion.”
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2021/02/15 16:16 sent