The week’s biggest news for Korean startups has been the smashing IPO debut of e-commerce startup Coupang. The company achieved record valuation on the first day of its listing. And with Coupang doing great at NYSE, another leading Korean e-commerce startup Market Kurly is also setting its eyes for an IPO this year. KoreaTechDesk brings you what was in the news this week.
From Seoul to the greatest stock exchange 📸 Congratulations @Coupang (NYSE: $CPNG) on joining our #NYSECommunity 🏛 pic.twitter.com/kUvUmJ0i3X
— NYSE 🏛 (@NYSE) March 11, 2021
Foreign media surprised by Coupang’s New York appearance
Source: Yonhap News Agency
Bloomberg News reports that Coupang has achieved record performance since the first day of listing. The Coupang Public Offering (IPO) is the largest since Uber in 2019, and as an Asian company, it is the largest since Alibaba in 2014. Reuters, a global news agency, also said that Coupang was recognized for its higher value than any other US company listed on the New York Exchange this year, saying that it is a’blockbuster debut’.
South Korea’s Coupang jumps 80% in New York stock market debut. Can it deliver for the long term? Here’s our analysis.https://t.co/gm1cypH4fJ
— Nikkei Asia (@NikkeiAsia) March 12, 2021
After Coupang, Market Kurly seeks IPO in 2021 at home or in U.S.
Source: Yonhap News Agency
South Korean e-commerce grocer…
