South Korea’s Coupang Upping Price Range in $4 Billion U.S. IPO
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Coupang Inc., a South Korean e-commerce giant, is now seeking to raise as much as $4.08 billion in its U.S. initial public offering after boosting the price target.
The company and its existing shareholders are offering 120 million shares at $32 to $34 apiece, according to a Tuesday filing with the U.S. Securities and Exchange Commission. The shares were marketed at $27 to $30, an earlier prospectus showed.