Here's When to Buy Coupang Stock After the IPO
The Coupang IPO may very well be the biggest of the year.
While the Korean firm may be new to many investors, it’s part of a trend you know a lot about.
In 2020 online spending represented 21.3% of total retail sales, up 44% since the previous year.
Global retail e-commerce sales for 2020 were over $4 trillion.
That is a lot of money spent online.
Enter Coupang, a Korean e-commerce titan that could go public with a valuation of around $50 billion under the ticker CPNG.
This would make it the largest IPO in a company based outside the U.S.
since Alibaba over five years ago.
Tags: IPOs
The post Here’s When to Buy Coupang Stock After the IPO appeared first on Money Morning – We Make Investing Profitable.
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