Coupang's New York Stock Exchange Listing 'Celebration'... 50% Increase Compared to IPO Price (Comprehensive)
[Asia Economy New York=Correspondent Baek Jong-min] E-commerce company Coupang made a spectacular debut on the New York Stock Exchange on the 11th (local time).
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021031203325627454_1615487576.jpg)
On the day of its listing on the New York Stock Exchange, Coupang's stock was first traded at $59.6. This represents a 70% increase compared to the public offering price of $35.
Coupang's stock price later rose to $69, but the gains narrowed, and as of 1:30 PM, it was trading at $53.14, up 52% from the public offering price.
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Bloomberg reported that Coupang's IPO was the largest in the U.S. stock market since Uber, and for a brief moment on its first trading day, it became a company valued at $100 billion.
This content was produced with the assistance of AI translation services.
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