Coupang inks an additional $24 million

Change: offered +9% / raised +25% / placed 100%

coupangCoupang closed its unregistered equity offering after increasing the placement’s size by 9% to $120 million. The offer closed after the company raised $24 million from eight additional investors within a couple of months. At closing, a total of thirteen investors had subscribed to Coupang‘s offering. The private placement’s expected net proceeds amounts to $119.6 million which excludes $400,000 paid in brokerage fees. The company closed two unregistered private placements which raised an estimated $35.82 million.

The company is an e-commerce website operating in South Korea. The company offers a curated selection of diverse merchandise including baby goods, fashion, beauty products, consumables, home goods and decor, books and toys, sporting goods, electronics, and tickets for travel and cultural events. The company is backed by Sequoia Capital, Greenoaks Capital Management, Rose Park Advisors, Maverick Capital, LaunchTime, Altos Ventures.

The company is headquartered in Seoul South Korea. Coupang elected to keep its revenues undisclosed.
The executive team includes Bom Kim, James Dai, Marco Bong Sool Kim and Richard Song.
The board of directors includes Benjamin Sun, Eric Kim, Matthew Christensen and Neil Mehra.

The company has raised an estimated total of $155.82 million via private unregistered security offerings.

Coupang is registered under the name Forward Ventures

Offering recap
Status: Completed
Company: Coupang
Industry: Retailing
Amount offered: $120 million
Amount placed: $120 million
First sale: 05-21-2014
Data as of: 08-03-2014

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