▲ Coupang CI
It is predicted that Coupang’s IPO will take place this year.
Bloomberg News quoted an anonymous source on the 7th (local time) The Coupang IPO could be held in the second quarter of this year, and if it proceeds as planned, the company’s value of over 30 billion dollars (about 32.67 trillion won) could be recognized. Said that.
Softbank Vision Fund, led by Chairman Son Jeong-eui, 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.
Starting this year, Coupang has switched from a representative system of 4 members to Kang Seung and Park Dae-jun. CEO Kim Bum-seok, the founder, served as the chairman of the board of directors.
In particular, there are observations from inside and outside Coupang that CEO Kim Bum-seok will be devoted to preparing for listing on the NASDAQ and discovering new foods.
Kang-Seung Kang, who was formerly a legal secretary at the Blue House, oversees the management of the company, and Dae-Joon Park is in charge of new businesses such as Coupang Itz.
Coupang is increasing its market share by expanding its delivery service CoupangITs nationwide. Coupang, a simple payment service, was spun off to a subsidiary Coupang Pay and launched Coupang Play, an online video service (OTT). Coupang Logistics, a subsidiary, is taking a re-challenge in the parcel delivery business (trucks transport business), submitting an application for the parcel delivery business to the Ministry of Land, Infrastructure and Transport and awaiting approval.
In addition to Coupang, Bloomberg also named 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.