Coupang IPO: When Will Coupang Go Public? What Is the CPNG Price Range?

Coupang is preparing for an initial public offering (IPO) and investors are wondering when it will go public and what the price range for CPNG stock is.

A hand touches a digital chart with the text "IPO."

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While the exact date of the Coupang IPO isn’t included in its recent filing with the U.S. Securities and Exchange Commission (SEC), the company is expected to go public on Thursday. That’s based on an announcement made by the New York Stock Exchange last week.

According to the recent filing with the SEC, the Coupang IPO will have shares trading for between $32 and $34 per share. That sets the IPO up to generate as much as $4.08 billion. However, Coupang won’t get all of that.

The Coupang IPO will include 120 million shares. That includes 100 million from the company and another 20 million from other investors. The company won’t see any proceeds from the 20 million not sold by it. Coupang expects to generate proceeds of $3.2 billion from the IPO at the midpoint price of $33 per share.

Shares of Coupang stock will trade on the New York Stock Exchange under the CPNG ticker. There will be Class A and Class B shares of the stock. Class A shares are worth one vote and Class B shares are worth 29 votes. Coupang founder and CEO Bom Suk Kim will hold all Class B shares of CPNG stock and have 76.7% of the voting power after the IPO.

Coupang is a South Korean e-commerce company with logistics centers all around the country. It offers products and shipping to users with many customers eligible for its one-day shipping option.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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