Coupang closes trading for $48.47 the day after listing
Full-fledged preparation for listing such as Timon and Market Curly
卝蹂몃nat湲 븘씠肄
[아시아경제 김철현 기자] As the domestic e-commerce company Coupang successfully listed on the New York Stock Exchange (NYSE), competitors in the industry are also expected to accelerate their IPO. This is because the positive evaluation of the global investment market for Coupang also means that the domestic e-commerce market has a high growth potential.
Coupang closed the deal at $48.47 per share, down 1.6% ($0.78) on the 12th (local time), the second day of the NYSE deal. It fell to $46.25 and then rebounded just before the close of the market. Yahoo Finance analyzed Coupang’s market capitalization to be 87.2 billion dollars (about 99.2 trillion won).
With Coupang’s success, domestic e-commerce companies preparing for IPOs have also accelerated. Representatively, Timon is promoting listing in Korea within this year. Preparatory work is progressing smoothly, such as completing a capital increase of 30.5 billion won through equity investment before listing.
Foreign investment companies also participated in this capital increase, and it was evaluated that it once again proved the high appreciation and interest of foreign capital in the rapidly growing Korean e-commerce industry.
Market Curly is also considering listing on the US stock market following Coupang. Market Curly is focusing on the food sector, so the volume of transactions is smaller than that of Coupang, but it is showing a competitive edge in early delivery of fresh food.
In particular, it is reported that the sense of crisis that the domestic e-commerce market may fall behind in the market if the domestic e-commerce market is reorganized to focus on big players, such as when Coupang started investing enormous funds secured through listing. It is analyzed that this year, when the domestic and overseas IPO market conditions are good and the evaluation of the domestic e-commerce market is high, is the right time for listing.
Reporter Kim Cheol-hyun [email protected]