Coupang, an e-commerce company, is planning a $1bn IPO in the US as it gets ready to become the first South Korean firm to list in New York in 10 years.
The company’s Delaware, US-based parent is floating class A common stock on the New York Stock Exchange and has filed IPO paperwork with a $1bn placeholder size.
Seoul-headquartered Coupang is the largest product e-commerce company in Korea, a market that was valued at $128bn in 2019 and …