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South Korean e-commerce giant Coupang jumps 84% in public trading debut after raising $4.6 billion in IPO

South Korean e-commerce giant Coupang posted revenues of $11.97 billion in 2020. The company's IPO …

Will Daniel   


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An early lockup expiration will release 34 million shares of Coupang on March 18

An early lockup expiration is set to release 34 million shares or about 4.8% of Coupang's public fl…

Will Daniel   


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Stanley Druckenmiller slashed his Nvidia stake by 72% last quarter as the stock nearly doubled

Druckenmiller's biggest trade last quarter was a $664 million bet on small cap stocks via call opti…

Matthew Fox   


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Billionaire investor Stanley Druckenmiller loaded up on Palantir, added bank stocks, and sold Carnival Cruise Line in the 1st quarter of 2021

Druckenmiller's Duquesne Family Office started a $139 million position in Palantir during the first…

Emily Graffeo   


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Billionaire investor Bill Ackman is giving 26.5 million shares of Coupang to the Pershing Square Foundation and another non-profit

Billionaire hedge fund manager Bill Ackman is giving away 26.5 million shares of Coupang, worth $1.…

Will Daniel   


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Billionaire investors Bill Ackman and Stanley Druckenmiller invested in Coupang years before its $4.6 billion IPO this week

Ackman introduced Coupang founder Bom Kim to another of his key early backers, Founders Collective …

Theron Mohamed   


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Stock market news today: Futures whipsaw as Wall Street waits for key economic data

S&P 500, Nasdaq, and Dow futures went from red to green on Tuesday as investors waited for fresh GD…

Theron Mohamed   


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The US IPO market just had its busiest quarter in over 20 years - but newly public stocks are underperforming, a Renaissance Capital report finds

102 companies went public in the first quarter of 2021. But the stock prices of a number of newly l…

Emily Graffeo   


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Harvard missed out on $75 million of potential gains after selling donated stock, Bill Ackman claims

Bill Ackman rejected the narrative that his crusade against Harvard in the wake of the Israel-Hamas…

Erin Snodgrass   


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South Korean e-commerce giant Coupang just had a record-breaking IPO, but its delivery workers keep dying

The 43-year-old man was the second Coupang courier to die this month. This comes as the South Korea…

Cheryl Teh   


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Billionaire investor Stanley Druckenmiller dumped Facebook parent Meta before its one-day $230 billion wipeout — and took stakes in Snap and Chevron

Druckenmiller's biggest acquisition in the last quarter was a near-$100 million position in oil maj…

Shalini Nagarajan   


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Reddit confidentially files to go public after explosive growth fueled by meme stock chatter

Founded in 2005 by Steve Huffman and entrepreneur Alexis Ohanian, Reddit was valued at $10 billion …

Shalini Nagarajan,Reuters   


Eugene Kim   


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SoftBank's $10 billion gain on the DoorDash IPO will offset the fund's WeWork 'disaster,' says a stock analyst

"Suddenly Masa goes from losing to being hero very quickly," David Gibson of Astris Advisory Japan …

Emily Graffeo   


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The New York Stock Exchange is minting crypto art commemorating the first trades of 6 companies that recently went public

The NYSE said it minted the NFTs to commemorate several companies' very first trades, but the excha…

Grace Kay   


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Walmart's Flipkart is targeting a 4th-quarter IPO that could value it at $35 billion, new report says

A $35 billion valuation for Flipkart would mean Walmart more than doubled its 2018 investment in th…

Emily Graffeo   


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Bill Ackman wrote 1,600 words on X about how he's definitely not resentful towards Harvard

According to a New York Times article published on Tuesday, Ackman has had "years of resentment" ag…

Kai Xiang Teo   


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The $171 billion of US IPOs in 2021 is already a full-year record

There is a slew of hotly anticipated IPOs still to come, with debuts expected from payments firm St…

Isabelle Lee   


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10 things before the opening bell

Stocks mixed, Softbank cuts investments in Chinese startups, and AMC is turning to bitcoin.

Phil Rosen