Coupang, a Korean e-commerce firm, set the pricing range for its upcoming IPO. The company is looking to sell shares at between $27 and $30, raising around $3 billion and valuing it at $49 billion at the midpoint of that range, excluding stock options and restricted stock. That’s about four times Coupang’s 2020 revenue of $12 billion. The company was last valued at $9 billion in November 2018,...
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Behind the Apple Design Decisions That Bogged Down Its Mixed-Reality Headset
Apple’s executives had a critical design decision to make about the company’s riskiest product in years. It was 2019, and a growing team of Apple engineers had been working for more than three years on a headset that combined augmented and virtual reality capabilities. Now they had to figure out whether the mixed-reality headset would be a stand-alone device or would require a...
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