It’s basically the Amazon (NASDAQ:AMZN) of the country. Copyright © 2021 InvestorPlace Media, LLC. Following the IPO, however, the company could be worth $46 to $51 billion. The price went as high as $69 during trading, but closed at $49.25 on Thursday, up 40.7 percent. It’s the largest product e-commerce platform in South Korea. Financials. Source: Shutterstock The recent interest in AVGR stock … Like Amazon, Coupang went through a massive growth spurt last year as the coronavirus pandemic caused demand for online shopping to explode. The estimated IPO date is March 11, 2021. 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All Rights Reserved, How this kid-friendly gaming biz just became Wall Street’s hottest tech stock, Robinhood is reportedly prepping for IPO later this month, How Bumble’s CEO became a billionaire — after ending some awkward relationships, Elon Musk says Starlink will go public once cash flow is predictable, COVID-19 piñata beaten by vaccinated seniors, 14 best sunscreens for your face of 2021, according to experts, The Lenovo IdeaPad Duet Chromebook Review: This 2-in-1 is the Best Affordable Chromebook You Can Buy, How to invest in real estate remotely — and what sets Roofstock apart, Master Adobe Photoshop, Spark, Illustrator and more with this $34 Creative Cloud training, Ken doll turns 60: How Barbie's man stays looking so young. Article printed from InvestorPlace Media, https://investorplace.com/2021/03/cpng-stock-ipo-8-things-to-know-as-coupang-starts-trading-today/. Stock Market, financial, and investment news for the Nasdaq, New York Stock Exchange (NYSE), AMEX & … Press J to jump to the feed. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Keurig Dr Pepper against related stocks people have also bought. Coupang Inc is expected to go public under the ticker symbol CPNG . About 35 percent of Coupang is owned by SoftBank’s Vision Fund, the Japanese investment giant that also backed DoorDash and other buzzy firms such as Slack, Uber and WeWork, the troubled office-sharing company. Copyright © Its workforce roughly doubled to more than 50,000 employees and its net revenues surged about 91 percent to nearly $12 billion. What Did the Stock Market Do Today? Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 3 Big Stories to Catch Up On. The company runs an online retail marketplace, delivers groceries and prepared foods, and offers a video streaming service called Coupang Play — similar to Amazon’s growing umbrella of businesses. That valuation amounts to more than a … If you’d like to order in shares, tap on the drop-down menu in the top right that says Dollars and choose Buy in Shares . (Updates with official pricing in first and second paragraphs. What Is the CPNG Price Range? The success of the sale put Coupang on track to claim the title of the year’s biggest American IPO from Bumble, the female-focused dating app that raised about $2.2 billion ahead of its listing last month. Robinhood, Coupang, Coinbase, Roblox and more are going public in March During the month of March, several companies are going to debut on the New York parquet. 10 stocks we like better than Coupang, Inc. View the real-time SQ price chart on Robinhood and decide if you want to buy or sell commission-free. The SoftBank-backed e-commerce operator’s stock opened at $63.50, almost double the initial public offering price of $35. Vote. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. Stock trading app Robinhood on Friday confirmed it is cooperating with inquiries from US regulators into its decision to temporarily throttle purchases of shares in companies such as GameStop during frenzied trading in January. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Cloudflare against related stocks people have also bought. Keep in mind that — over the past few years — various top firms have agreed to invest in Coupang stock, which is valued at a hefty $9 billion. It revealed rapid growth … Do Not Sell My Personal Information, Your California Privacy Rights South Korean e-commerce giant Coupang (CPNG) - Get Report, backed by Japan’s SoftBank, made its stock market debut Thursday on the New York Stock Exchange at $63.50 a share. Do Not Sell My Personal Information. Wall Street is going to welcome in the coming weeks securities such as the broker Robinhood, the e-commerce giant Coupang, the cryptos king Coinbase, or the online gaming and creation platform Roblox. SEOUL -- Coupang is raising $4.55 billion in its listing on the New York Stock Exchange, the biggest initial public offering by a foreign company in the U.S. since Alibaba Group Holding in 2014. The Seoul-based startup said it sold 130 million shares at $35 apiece in the IPO, giving it a market value of $60 billion ahead of its Thursday debut on the New York Stock Exchange. Statistics. Now people want to know when to expect Coupang stock. In total, the IPO offered 130 million shares of CPNG stock in its offering. Korean e-commerce giant Coupang is expected to hold one of the biggest tech IPOs of the year on March 11. Posted by just now. Sitemap Dating app Bumble expects higher demand amid COVID-19, This story has been shared 111,405 times. That has the Coupang IPO acting as a unique opportunity for investors to get in on a major e-commerce company early before its price soars higher. 1125 N. Charles St, Baltimore, MD 21201. Ooh la larceny! About Coupang Stock Coupang has grown faster than any other e-commerce company in the world. Short-Sale Restrictions: What to Know About the SSR Stocks Rule as GME Moves Wildly, 8 Biotech Penny Stocks for Investors to Watch. Kim, Coupang’s 42-year-old founder, will end up with 76.7% of the company’s voting rights with just 10.2% of its outstanding shares.“We would have liked Coupang to list in Korea,” said Kim Sung-gon, a spokesperson at Korea Stock Exchange. That valuation amounts to more than a sixfold increase from 2018, when it fetched a $9 billion price tag in a private fundraising round. Vote. That has Coupang raising $4.6 billion from its IPO. Sorry, your blog cannot share posts by email. To start off with, Coupang is a massive online retailer in its home country of South Korea. Stock Price: $27.00 - $30.00. Robinhood, Coupang, Coinbase and Roblox are going public in March. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. So, Coupang could receive a capital infusion of up to $3.6 billion. Park Sang-joon, an analyst at Kiwoom Securities, said the following about the CPNG stock IPO. Thanks for contacting us. Coupang expects to generate proceeds of $3.2 billion from the IPO at the midpoint price of $33 per share. Representatives accused Robinhood of gamifying the stock market and failing to protect retail investors.According to Shawn Snyder, head of investment strategy at … Coupang shares are expected to begin trading on the New York Stock Exchange on Thursday under the symbol CPNG. Log In Sign Up. Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Amazon against related stocks people have also bought.

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