SoftBank-backed Coupang surges to over $100b valuation in debut

SoftBank-backed Coupang surges to over $100b valuation in debut

REUTERS/Josh Smith

SoftBank Group Corp-backed Coupang was valued at around $109 billion in its market debut on Thursday after South Korea’s largest e-commerce company raised around $4.6 billion in the biggest U.S. initial public offering this year.

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