South Korean e-commerce company Coupang’s coming initial public offering in the U.S. is now expected to provide its biggest shareholder SoftBank with $16 billion in unrealized gains, Bloomberg reported. Coupang has just raised the target price range for its New York IPO. At the high end of the range, the company would be valued at $58 billion. SoftBank owns about 35% of Coupang. ...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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