- The stock price of Coupang (NYSE:CPNG) increased by 40.71% in its market debut yesterday as it went from an opening price of $35 to a closing price of $49.25. These are the details.
The stock price of Coupang (NYSE:CPNG) increased by 40.71% in its market debut yesterday as it went from an opening price of $35 to a closing price of $49.25. And it is up over 5% in the pre-market today as well.
Coupang is a South Korea-based company that is known as the “Amazon of South Korea.” And the Coupang brand is synonymous with a low prices, fast delivery, and positive customer service.
One of Coupang’s signature services is known as Dawn Delivery. With this service, customers could place orders for millions of products as late as midnight and it could be received by the early morning.
Prior to the IPO, some of Coupang’s investors included SoftBank and BlackRock.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
