Coupang, Inc.

Coupang, Inc. (CPNG) priced its initial public offering on Mar 11, 2021 at $35.00 per share, above its $32.00–$34.00 range, raising $4.55B, and listed on NYSE. At the IPO price its market capitalization was about $60.03B. Goldman Sachs was lead-left underwriter, joined by Allen & Company, J.P. Morgan and Citigroup and others. Cooley advised the company and Latham & Watkins advised the underwriters.

Coupang, Inc. is an e-commerce company that builds an integrated system of technology and infrastructure to improve online shopping, aiming to avoid trade-offs on shipping speed, selection, fees, packaging disposal and returns. It says it invests for the long term in customer experience.

Status

IPO

Ticker

CPNG

Exchange

NYSE

Priced

Mar 11, 2021

IPO price

$35.00

Price range

$32.00–$34.00

Raised

$4.55B

Market cap at IPO price

$60.03B

First filed

Feb 12, 2021

Underwriters

Goldman Sachs, Allen & Company, J.P. Morgan, Citigroup, HSBC, Deutsche Bank, UBS, Mizuho and CLSA

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

WA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.