Coupang was listed on the New York Stock Exchange.

As the stock price rose from the first day, the market capitalization exceeded 100 trillion won.

Compared to the market cap of domestic companies, it is the third largest after Samsung Electronics and SK Hynix.

First, this is New York correspondent Kim Jong-won.


Coupang entered the New York market with a bell announcing the opening of the stock exchange.

Coupang started trading at $63, up 81% from its initial offering price, which was $35, and its market cap soared to 110 trillion won at one time during the day.

[CNBC Broadcasting: Coupang, a Korean e-commerce giant compared to Amazon, has just listed on the New York Stock Exchange.

Among Asian companies, it is the largest since Alibaba in China in 2014.]

Since then, the increase has decreased and the market closed at $49, a 40% increase from the public offering price.

This is the 3rd place among domestic companies, similar to SK Hynix, which is the 2nd place.

Coupang, which is unfamiliar to Americans, is introduced as Korea's Amazon and is being criticized for making its successful debut in the US stock market today.

With this listing, Coupang has raised 5 trillion won of investment.

[Kim Bum-seok / Chairman of the Coupang Board of Directors: The goal of listing in New York was to raise funds and attract investment.

Over the next five years, we will hire an additional 50,000 people, optimize the nationwide distribution network...

(We will continue to invest.)]

Coupang's sales growth rate is greater than that of Amazon in the US or Alibaba in China. Is coming out.

Meanwhile, the Wall Street Journal reported that its rival Market Curly is also considering listing in New York within the year.

(Video coverage: Lee Sang-wook, video editing: Jeon Min-gyu) 

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