SoftBank-backed Korean unicorn Coupang prepares for IPO as soon as 2021

Photograph: Bloomberg

South Korean e-commerce giant Coupang Corp. is preparing for an initial public offering as soon as 2021, according to people with knowledge of the matter.

The Seoul-based company, founded in 2010 by Chief Executive Officer Bom Kim and said to be valued at $9 billion in late 2018, has begun working on tax structuring among other changes as it eyes a public listing next year, said one of the people, who requested anonymity because the matter is private. A company representative declined to comment.

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