S Korea’s Coupang boosts IPO price, aims for $58b valuation

S Korea’s Coupang boosts IPO price, aims for $58b valuation

REUTERS/Josh Smith

South Korea’s Coupang Inc, which is backed by SoftBank Group Corp, is seeking a valuation of more than $58 billion in its U.S. stock market debut, after the e-commerce giant raised the price range for its offering on Tuesday.