Son Jeong-ui Invests $3 Billion in Coupang for 10x Profit

Achieved $33 Billion Profit Based on NYSE Opening Price
Investment Firm Greenhill Capital Overwhelmingly Avoids Bankruptcy Losses

Masayoshi Son, Chairman of SoftBank

[Asia Economy New York=Correspondent Baek Jong-min] Foreign media reported that Coupang's successful listing on the New York Stock Exchange brought a profit of $33 billion to its major investor, Japan's SoftBank. The investment return rate exceeded 10 times. It is analyzed as a performance that offsets the recent bankruptcy of the investment firm Greensill Capital.

Coupang started trading on the New York Stock Exchange on the 11th (local time) at $63.5, up 81% from the public offering price of $35.

One foreign media outlet reported that SoftBank, led by Chairman Masayoshi Son, invested $3 billion in Coupang through the 'Vision Fund' and holds a 37% stake, gaining about $33 billion in profit based on the opening price that day.

Coupang's successful IPO is seen as good news for SoftBank, which had faced negative issues. Recently, Greensill Capital, a UK financial startup invested in by SoftBank, filed for bankruptcy protection. SoftBank invested $1.5 billion in Greensill Capital. Compared to the profits secured from the Coupang investment, the loss scale from Greensill Capital seems small.

Foreign media also noted that SoftBank received welcome news of Coupang's successful listing amid the Greensill Capital bankruptcy.

Among Asian companies listed on the New York Stock Exchange, China’s Alibaba was the largest, and Coupang was the second largest; both share the commonality of having SoftBank as an investor.

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