SoftBank Vision Fund is scoring an exit from the Korea-based online marketplace, which is going public in 2021's largest IPO so far.
Coupang, the South Korea-headquartered online marketplace backed by telecommunications and internet group SoftBank, is floating on the New York Stock Exchange today in an upsized $4.55bn initial public offering.
The company priced 130 million shares at $35.00 each. It had set a price range of $32 to $34 for 120 million shares, 100 million of which were set to be issued by the company and 20 million sold by its investors. It is the largest IPO so far this year.
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