Coupang raises $4.6 billion in biggest US IPO so far this year

New York | Boston: Coupang LLC, South Korea's largest e-commerce company, has raised $4.6 billion in the biggest initial public offering (IPO) in the US this year after selling stocks above its deal target range. In a statement, Coupang said that it had priced 130 million shares sold in the IPO at $35 per share, higher than the marketing range $32-$34 per share, giving the Seoul-headquartered e-commerce giant, which is backed by Japan's SoftBank Group Corp., a market cap of $60 billion...
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