$27~30 per year, $32~34, up $4~5
Up to 4,600 billion won can be raised based on $34.
The corporate value also increased to 58 billion dollars (about 65.98 trillion won).
Coupang raised the bid price per share ahead of listing on the US stock market on the 11th. The company’s value was higher than when it first submitted listing documents to the US Securities and Exchange Commission (SEC) in mid-last month and released an investment prospectus earlier this month.
According to the investment prospectus submitted by Coupang to the SEC on the 9th, the proposed public offering price per share is between 32 and 34 dollars. This is a 4-5 dollar increase from the previous 27-30 dollars. Coupang plans to offer a total of 120 million shares.
Coupang can raise up to $4,800 million (about 4.64 trillion won) based on the top of the bid price of $34. Compared to the previous $3.6 billion (approximately 410 trillion won) that could have been raised for 30 dollars, there is a possibility of securing an additional 500 billion won. According to the newly established public offering price, the corporate value has also increased to 58 billion dollars (about 65.98 trillion won). Previously, it was 51 billion dollars (about 58 trillion won).
The public offering price for Coupang will be confirmed on the 10th local time and will be listed on the 11th. Major foreign media cited Coupang’s intensive work environment ahead of the US stock market listing, and expressed concern over long-term growth.
The Financial Times (FT) said on the 9th, “The deaths of Coupang workers have occurred one after another, which has adversely affected the listing.” FT said, “Ahead of the IPO, Coupang is under political pressure due to worker-related issues and is being investigated by the police. According to the Korean politics and public transport unions, 8 Coupang workers died from overwork from last year to recent years.” did. Six people died in Coupang in the year after the coronavirus outbreak last year, and two people died this month alone. On the 6th, an aunt in her 40s, who was working late at night and early in the morning, was found dead in a lodge, and on the same day, an employee in her 40s, who was responsible for managing delivery drivers, was also confirmed to have died after work.
Copyright © News Touch Unauthorized reproduction and redistribution prohibited