Dongbang recorded the upper limit at the beginning of the market.
According to the Korea Exchange on the 12th, as of 9:17 am, Dongbang is trading at 3915 won, up 29.85% (900 won) compared to the previous trading day. The current market capitalization based on market price is 155.2 billion won, ranking 612th in the KOSPI market. The stock price net asset multiple (PBR) is 1.34x and the foreign burnout rate is 2.37%.
When the news that Coupang passed the preliminary screening for listing on NASDAQ, Dongbang, a transportation company dedicated to Coupang logistics, seems to have been affected.
According to an exclusive report on the eve of the Herald Economy (11th), Coupang has passed the confidential (confidential) preliminary examination for listing on the NASDAQ through its host, Goldman Sachs. It is expected to complete listing on the NASDAQ within the first quarter of this year as early as possible.
After the news of Coupang came out, it was mentioned as a related stock, and the stock value of Dongbang and KTH, which attracted investors’ attention, also increased. According to the Korea Exchange on the 12th, the transport service provider Dongbang compared the closing price (2,320 won) on the 8th.
Earlier, Bloomberg News cited a source and reported that Coupang could be listed on the NASDAQ in the second quarter, and that its corporate value could be valued at more than 30 billion dollars (about 32.67 trillion won). SoftBank Vision Fund has a 37% stake in Coupang with an investment of $2.7 billion.
Coupang, which started as social commerce in 2010, switched to’direct purchase distribution’ in 2015, and then rapidly grew into an e-commerce company with sales of over 10 trillion won with a rocket service, which is the next day delivery. SoftBank Vision Fund, led by Chairman Son Jeong-eui, has a 37% stake in Coupang by investing $2.7 billion.
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