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Harvard Dropout Kim Rides Coupang IPO to $8.6 Billion Fortune

  • The New York listing gives billions to founder and investors
  • The company faces criticism in Korea over workers’ treatment
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Coupang CEO on NYSE Debut, Competition, Expansion
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Bom Kim sold his first venture fresh out of college. Fast forward two decades, and the serial entrepreneur is joining the ranks of the world’s richest with the listing of his Coupang Inc.

Shares of the e-commerce giant, backed by SoftBank Group Corp., surged as they began trading in New York on Thursday. The South Korean company --dubbed “Korea’s Amazon” -- is now valued at more than $84 billion, giving Kim, 42, a stake worth $8.6 billion, according to the Bloomberg Billionaires Index.