SoftBank-backed online retailer Coupang files for US IPO, reports revenue surge

SoftBank-backed online retailer Coupang files for US IPO, reports revenue surge

Photo: Reuters

South Korean e-commerce giant Coupang Inc, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses.

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