Coupang files for mega US INITIAL PUBLIC OFFERING

Let’s dig along the South Korean e-commerce giant’s assist with health

Earlier this afternoon, South Korean e-commerce and delivery giant Coupang recorded to go public in the United States. As a private company, Coupang has raised billions , just like capital from American venture capital firm Sequoia and Japanese telecom huge SoftBank items Vision Fund .

Coupang’s revenue together with is nothing short of fantastic.

Coupang’s featuring, coming amidst the public debut of a number of well-known technology brands , would have been a massive affair. Its first S-1 filing indicates that its BÖRSENGANG will raise capital in the variety of $1 billion, far larger than the 100 dollar million placeholder that is more common.

But the company’s scale sells its lofty IPO fundraising goal setting reasonable. Coupang is huge, equipped with revenues north of $10 million in 2020 and in improving consumer banking health as it scales. And its money growth has more rapid .

Perhaps that will explains why the company is reportedly targeting any kind of a valuation of $50 billion .

This afternoon, let’s search into the company’s historical growth, its improving cash flow and its narrowing defecits. Coupang’s debut will create a spend when it lands, so we owe things to ourselves to grok her numbers.

And as there are other e-commerce brands with a delivery give good results waiting in the wings to go arrest — Instacart comes to mind — specifically how Coupang fares in its IPO factors for a good number of domestic startups furthermore unicorns.

Coupang’s surging scale

The company’s growth across the last half-decade has become impressive. Observe its yearly revenue totals from 2016 through 2020:

  • 2016: $1. 67 billion.
  • 2017: $2. 4 billion (+43. 7%).
  • 2018: $4. 05 billion (+68. 8%).
  • 2019: $6. 27 billion (+54. 8%).
  • 2020: $11. 97 billion (+90. 9%).

Sure, some of within 2020 growth is COVID-19 linked, but even taking that note, Coupang’s revenue growth is not one thing short of fantastic. And what’s more attractive is that the company has cut it really is losses in recent years:

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