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SoftBank Expects $16 Billion Profit From Coupang IPO

By
Juro Osawa
· · Source: Bloomberg

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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