Coupang is reportedly looking to achieve a $50bn market cap following a planned listing that would offer an exit to both SoftBank and its Vision Fund.
South Korea-based e-commerce company Coupang filed for a $1bn initial public offering on Friday that would provide exits to telecommunications group SoftBank and to its Vision Fund.
The company has not yet set a price range or declared how many shares it intends to issue. People familiar with the matter told the Financial Times that Coupang was aiming for a $50bn market valuation following the listing on the New York Stock Exchange.
Coupang sells millions of products through an…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
