US investment magazine Barrance recommends investment in Coupang
“Higher growth potential than Amazon…
Better than the communist supervised Alibaba.”
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Barrance, an American investment magazine, recommends investing in Coupang, rating it higher than Amazon or Alibaba.
Barrence reported on the 12th (local time) that Coupang has a higher growth potential than Amazon and has a better environment than Alibaba, which must be overseen by the Communist Party.
Barrence also predicted that the listing of Coupang would increase the number of Korean technology companies listed on the New York Stock Exchange.
Coupang successfully debuted on the New York Stock Exchange on the 11th. On the first day of listing, the stock price soared 41%, reaching a market cap of $90 billion. This is ranked second after Samsung Electronics among listed companies in Korea.
Coupang is called’Korea’s Amazon’. However, it has better geographic conditions than Amazon. Korea has a small area but a dense population. Korea is similar in area to Indiana in the United States, but has a population of about 10 times. This population density will help Coupang grow rapidly.
Coupang has 100 distribution centers in more than 30 cities. This concludes that 70% of Koreans live within 11km of the distribution center. For this reason, same-day delivery is possible.
Coupang’s motto,’Items ordered before midnight will be delivered before 7 am the next day’ is possible.
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Coupang has not yet turned into a surplus. However, the growth is surprising. Sales in 2020 were $12 billion, up 91% from the previous year. It has nearly doubled from 55% of the previous year.
Coupang is growing faster than any other e-commerce company in the world. However, the stock price is still undervalued. Coupang has similar profits to eBay in the US, but has only half the market cap.
Coupang also has better conditions than the neighboring country’s largest e-commerce company, Alibaba. Alibaba should watch the Communist Party’s attention. But Coupang is not.
Unfortunately, Son’s Vision Fund has invested in both Coupang and Alibaba, the leading e-commerce companies in both Korea and China. Softbank said it would not sell Coupang’s shares. It means to make a long-term investment. That’s why we are raising the possibility of Coupang.
It is actually strange that Korean IT companies, the most technologically advanced countries in the world, have little presence in the New York Stock Exchange. Coupang is a Korean technology company listed on the US stock market in about 10 years.
J. Ritter, a professor at the Florida Business School, who studies the IPO market, said, “It is unusual for a technology company in Korea, an IT advanced country, to be listed on the New York Stock Exchange. It will be” he predicted.
“Coupang’s listing will change the way Korean technology companies finance their financing. It’s just the beginning,” he said energetically.
/ Reporter Shin Hanna [email protected]
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