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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
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
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
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
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
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
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
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
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
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
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
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
Delivery worker's death at South Korea's Coupang highlights the growing risk for labor workers at US e-commerce companies like Amazon as demand spikes amid COVID-19 crisis
The report said the 47-year old man was a contractor working 10-hour overnight shifts that ended at…
Eugene Kim
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
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
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
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
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
10 things before the opening bell
Stocks mixed, Softbank cuts investments in Chinese startups, and AMC is turning to bitcoin.