Coupang – $4.55 Billion IPO

Largest in US this year, one of top 25 biggest listings of all time

San Francisco – March 11, 2021 – Cooley advised Coupang, one of Asia’s largest ecommerce companies, on its $4.55 billion initial public offering of 130 million shares of Class A common stock, including 30 million shares sold by selling stockholders. In addition, Cooley advised Coupang on its $1 billion credit line by a syndicate of lenders. Lawyers Eric Jensen, Calise Cheng and Natalie Karam led the global Cooley team advising Coupang on its IPO, which is the biggest IPO in the US this year and one of the top 25 listings of all time based on deal size. Patrick Flanagan led the Cooley team advising on the credit line. 

Goldman Sachs, Allen & Company, J.P. Morgan and Citigroup acted as lead book-running managers for the offering. HSBC, Deutsche Bank Securities, UBS Investment Bank, Mizuho Securities and CLSA acted as bookrunners.

Coupang, whose securities now trade on the New York Stock Exchange under the symbol “CPNG,” offers a variety of services, including same-day and next-morning delivery of groceries and general merchandise, delivery of prepared foods through Coupang Eat and video streaming through Coupang Play. The company was founded in 2010 and has offices in Beijing, Los Angeles, Seattle, Seoul, Singapore, Shanghai and Silicon Valley.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 1,100+ lawyers across 16 offices in the United States, Asia and Europe.


Press coverage

"Cooley-Led Korean E-Commerce Giant Delivers $4.6B IPO" – Law360

 

Related Contacts
Eric Jensen Partner Palo Alto, San Francisco
Calise Cheng Partner Palo Alto
Natalie Karam Associate Palo Alto
Nikki Chang Associate Palo Alto
Patrick Flanagan Partner New York
Ferish Patel Partner in Charge – Singapore Singapore, Hong Kong
Will Cai Partner Hong Kong, Palo Alto
Josh Rosenholtz Associate Colorado
Greg Reith Associate Washington, DC