Target said this month that online sales soared 118% during the critical holiday quarter. Target and Walmart have also aggressively pushed into online sales. That big price tag reflects the recognition of how vastly the pandemic has accelerated the shift to online shopping.Īmazon’s fourth-quarter revenue shattered records, blowing past the $100 billion level for the first time, to reach $125.56 billion. since Uber raised more than $8 billion in 2019.Ĭoupang has raised about $4.6 billion, outsizing last month’s $2 billion capital raise by the dating app Bumble.Ĭoupang priced 130 million shares at $35 each, valuing the company at about $60 billion, according to regulatory filings. It’s actually the largest initial public offering from an Asian company since Alibaba went public about seven years ago. The biggest IPO in years rolled out Thursday on the New York Stock Exchange where Coupang, the South Korean equivalent of Amazon in the U.S., or Alibaba in China, began trading under the ticker “CPNG.” In this photo provided by the New York Stock Exchange, Coupang Founder and CEO Bom Kim, third left, and his colleagues, joined by John Tuttle, NYSE Vice Chairman, second from right, rings the NYSE opening before his company's IPO, Thursday March 11, 2021.The biggest IPO in years is rolling out Thursday on the NYSE where Coupang, the South Korean equivalent of Amazon in the U.S., or Alibaba in China, will begin trading under the ticker "CPNG." (Courtney Crow/New York Stock Exchange via AP)
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