Coupang was listed on the New York Stock Exchange. As the stock price rose from the first day, the market capitalization exceeded 100 trillion won. Compared to the market capitalization of domestic companies, it is the third largest after Samsung Electronics and SK Hynix.
First, this is New York correspondent Kim Jong-won.
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Coupang entered the New York market with a bell announcing the opening of the Stock Exchange.
Coupang started trading at $63, up 81% from the initial public offering price of $35, and its market cap soared to 110 trillion won at one time during the intraday.
[CNBC 방송 : 아마존과 비교되는 한국의 거대 전자상거래업체 쿠팡이 뉴욕증권거래소에 막 상장했습니다. 아시아 기업 중에서는 2014년 중국 알리바바 이후 최대 규모입니다.]
Since then, as the rise has declined, the market closed at $49, a 40% increase from the offering price, and the market capitalization based on the closing price reached KRW 10 trillion.
This is the 3rd place among domestic companies, similar to SK Hynix, the 2nd place.
Coupang, which is unfamiliar to Americans, is introduced as Korea’s Amazon and is being criticized for making its successful debut in the US stock market today.
With this listing, Coupang has raised 5 trillion won of investment.
[김범석/쿠팡 이사회 의장 : 뉴욕 상장의 목표는 대규모 자금 조달·투자 유치였습니다. 앞으로 5년 동안 저희가 5만 명을 추가로 고용할 거고, 전국 물류망도 최적화하고…(투자를 이어나갈 것입니다.)]
As Coupang’s sales growth rate is greater than that of Amazon in the US or Alibaba in China, there is a prospect that the stock price will continue to rise, while some analyzes say that the company’s value is highly valued compared to its competitors.
Meanwhile, the Wall Street Journal reported that its rival, Market Curly, is also considering listing in New York within the year.
(Video coverage: Lee Sang-wook, video editing: Jeon Min-gyu)
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