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SoftBank-Backed Korean Unicorn Coupang Prepares for IPO as Soon as 2021

  • A giant in one of the world’s biggest e-commerce markets
  • Has own overnight delivery network and food delivery arm
Bom Kim, founder and chief executive officer of Coupang.

Bom Kim, founder and chief executive officer of Coupang.

Photographer: Kyle Grillot/Bloomberg
Updated on

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.