According to an amended S-1 filing, South Korean e-commerce leader Coupang expects to stamp its initial public offering between $27 to $30 per share, potentially raising up to $3.6 billion. After the IPO, Coupang will have a total of 1.7 billion shares outstanding, including Class A and Class B. This means the means the pricing would give Coupang a potential market capitalization between $46 billion to $51 billion, a gargantuan increase over the $9 billion valuation it reached after its last funding round in 2018, led by SoftBank Imaginative and prescient Fund.
Coupang and some of its existing shareholders will offer a total of 120 million shares during the IPO.
If Coupang’s IPO is a hit, it may probably be a gargantuan win for SoftBank Imaginative and prescient Fund, which can contain 36.8% of its Class A shares after the listing.
Based in 2010 by Bom Kim, Coupang is identified for its ultra-speedily deliveries and is now the largest e-commerce company in South Korea, according to Euromonitor. According to the filing, Kim will sustain 76.7% of voting energy after the listing, whereas SoftBank Imaginative and prescient Fund will sustain about 8.6%. Other investors that at explain contain 5% or more of Coupang’s shares include Greenoaks Capital Partners, Maverick Holdings, Rose Park Advisors, BlackRock and Ridd Investments.
Coupang filed to tear public on the Contemporary York Stock Exchange last month, below the brand CPNG. Based on Bloomberg data, Coupang’s listing may well be the fourth-largest by an Asian company on a U.S. exchange, and the largest since Alibaba’s $25 billion IPO in 2014.