Coupang Raises 474.9 Billion KRW in Operating Funds Through Paid-in Capital Increase
[Asia Economy Reporter Hyunseok Yoo] Coupang announced on the 24th that it will conduct a paid-in capital increase by allotting 9,499 common shares to shareholders.
The issue price per share is 50 million KRW. The total amount to be raised is 474.95 billion KRW. The issuance is intended for operating fund procurement.
Korean Coupang shares are 100% owned by the U.S.-listed company Coupang Inc.
Coupang is conducting its fourth paid-in capital increase since Coupang Inc. was listed on the New York Stock Exchange in March. It also raised funds in the same manner in April, July, and October.
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