SoftBank-backed Coupang seeks to deliver US IPO at over $50b valuation

SoftBank-backed Coupang seeks to deliver US IPO at over $50b valuation

REUTERS/Issei Kato

South Korea’s Coupang Inc, which is backed by SoftBank Group Corp, is targeting a blockbuster stock market debut that would value the e-commerce giant at well over $50 billion and make it the largest U.S. initial public offering this year.

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