SoftBank-Backed South Korean eCommerce Firm Coupang Files For IPO

South Korean eCommerce giant Coupang filed its eagerly-anticipated initial public offering (IPO) with the Security and Exchange Commission (SEC) on Friday (Feb. 12).The Seoul-headquartered startup is backed by SoftBank Group Corp., which owns a 37 percent stake in the company. Coupang's U.S. registered parent company, Coupang LLC, owns 100 percent of Coupang's shares. The digital shopping platform has been talking about pursuing a NASDAQ listing since its 2010 launch, according to a Korea
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