[데일리포스트=송협 선임기자] Coupang, which started as a domestic e-commerce service start-up in 2010, submitted a public offering report for listing on the New York Stock Exchange, a mecca of global stock exchanges, 10 years after its founding.
On the 12th (local time), Coupang filed a declaration for listing on the New York Stock Exchange according to the S-1 form through the US Securities and Exchange Commission disclosure, and the quantity of common stocks to be listed and the range of the offering price have not been determined yet. Coupang plans to list common stocks on the New York Stock Exchange (NYSE) under the’CNPG’ trade symbol.
According to the public announcement, Coupang’s total sales last year was $1.97 billion (KRW 1.3 trillion) and net loss was KRW 520 billion.
Following the IPO procedure, Coupang is expected to start trading stocks in earnest when it is going to conduct a roadshow for investors sooner or later and listing on NYSE in March or so after the public offering is outlined.
Bloomberg’s estimate of Coupang’s enterprise valuation is $30 billion (approx.
Coupang predicts that the blood transfusion through this competition will fill the deficit that has accumulated over 3 trillion won and accelerate the sales front. Therefore, Coupang is predicted to become a strong competitor that can threaten Amazon, a global e-commerce dinosaur company, beyond the domestic market. Is losing.
Meanwhile, Coupang, as Asia’s largest e-commerce company, introduced various services such as Coupang, a food delivery service, and Coupang Play, a real-time video streaming service, in addition to the representative brand Coupang. With offices, they are actively expanding their territory.
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