“Coupang is preparing for this year’s IPO”…Son Jung’s investment jackpot?

Input 2021.01.07 14:26

Bloomberg News reported on the 7th (local time) that at least six Japanese Softbank-invested companies, including Coupang, are preparing for IPO this year.

Bloomberg, citing an anonymous source, predicted that Coupang’s IPO could take place in the second quarter of this year, and if it proceeds as planned, it would be able to receive more than 30 billion dollars (about 32.67 trillion won) of corporate value.

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.