Coupang IPO Price $35, Corporate Value 72 Trillion Won

[Asia Economy Reporter Kim Cheol-hyun] Coupang's IPO price has been set at $35 on the New York Stock Exchange (NYSE). With a total of 120 million shares to be offered, Coupang is expected to raise $4.2 billion. This amounts to securing nearly 5 trillion won. The plan for the use of funds raised through this IPO will be announced by Coupang's Chairman of the Board, Kim Beom-seok, on the listing day, the 11th (local time).

According to the Wall Street Journal (WSJ) on the 11th, Coupang, which will be listed on the NYSE under the ticker symbol ‘CPNG’, set its IPO price at $35, higher than initially expected. Coupang had proposed an IPO price range of $32 to $34 in documents submitted to the U.S. Securities and Exchange Commission (SEC) the previous day, and the final price was decided at $1 above the upper limit of this range. Considering that the initial investment prospectus set the IPO price at $27 to $30 per share, the final price increased by $5 to $8 compared to the original estimate.

Based on the IPO price of $35, WSJ analyzed that Coupang's corporate value is expected to approach $63 billion (approximately 71.8 trillion won).

This content was produced with the assistance of AI translation services.