Coupang, a domestic online shopping mall, will be listed on the New York Stock Exchange.
Coupang announced that it had filed a declaration for listing on the New York Stock Exchange (NYSE) through a disclosure by the Securities and Exchange Commission (SEC) on the 12th local time.
Initially, Coupang was known to be promoting listing on the NASDAQ, but it was listed on the NYSE.
Coupang explained that it has filed a declaration on Form S-1 for listing in Class A common stock.
The number of shares and the offering price range have not yet been determined, and will be listed on the New York Stock Exchange under the ticker code'CPNG'.
In line with the IPO process, Coupang is expected to launch a roadshow for investors in the near future, and after the public offering is outlined, stock trading at NYSE.
Bloomberg News also said that at least six of Japan's Softbank investment companies, including Coupang, are preparing for IPOs this year, and Coupang's IPO is expected to take place in the second quarter of this year.
Bloomberg's estimate of Coupang's corporate valuation was $30 billion, and about 33.2 trillion won in our money.
According to Coupang's S-1 registration document disclosed on the day, Coupang's total sales last year was $1.97 billion (about KRW 13.3 trillion) and net loss was $474.9 million (about KRW 525.7 billion). It was counted.
The net loss was significantly reduced from $698.8 million in the previous year.
(Photo = Yonhap News)