Harvard dropout enters mega-billionaire club through Coupang IPO
Coupang, founded by Kim Bom-suk, is one of the largest e-commerce firms in South Korea
The firm raised $4.2 billion in its initial public offering
This year’s biggest listing in the U.S so far
Coupang, backed by SoftBank Group, valued at around $109 billion in its market debut
Coupang’s stock soared 81 per cent to open at $63.50
The company had priced 130 million shares sold in the IPO at $35 per share
Coupang IPO is the biggest in New York since Alibaba’s US record of $25 billion in 2014
