Coupang was founded in May 2010 by Bom Kim. In an interview with TechCrunch from March 2019 Dan Rawson, VP of marketplace and customer experience, while not explicitly stating plans for an IPO, acknowledged that the timing of one for the company is “contingent on a number of factors, including everything from market conditions to company performance.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Coupang, widely dubbed the Amazon of Korea, is an e-commerce marketplace that operates in South Korea. The company has raised approximately $3.5 billion in Venture Capital funding from investors including Softbank, BlackRock, Greenoaks Capital Partners, Sequoia Capital, Founders Collective, and Cross Creek. From company press releases, Coupang last raised $2 billion in November 2018 at a post-money valuation of $9 billion.

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Updated on: Jun 21, 2024

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