Preface Coupang went public through a standard IPO on March 11, 2021. It immediately rose 40% on its market debut and is currently trading at -38.15% from the closing price of IPO date. The company was founded in 2010 by Bom Kim who previously worked at Boston Consulting Group. Coupang was initially founded as a Groupon inspired marketplace with daily deals and coupons which quickly pivoted to an eBay inspired third-party marketplace. As of this writing, it’s currently trading at $29.98.
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Is Coupang a major coup? ($CPNG)
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Preface Coupang went public through a standard IPO on March 11, 2021. It immediately rose 40% on its market debut and is currently trading at -38.15% from the closing price of IPO date. The company was founded in 2010 by Bom Kim who previously worked at Boston Consulting Group. Coupang was initially founded as a Groupon inspired marketplace with daily deals and coupons which quickly pivoted to an eBay inspired third-party marketplace. As of this writing, it’s currently trading at $29.98.