Coupang Is Expanding to Japan and Singapore: Here's What It Means for the Stock
Coupang (NYSE: CPNG) is one of the largest IPOs of the last few years, raising $4.6 billion in its market debut this spring. The South Korean e-commerce giant is growing rapidly within its home country, but due to the relatively small size of South Korea versus other economies around the world, many investors are worried its financials have a low ceiling.
However, the company might be on the road to unlocking new growth opportunities, with plans to move into Singapore, Japan, and possibly Malaysia sometime soon. Here's what we know about Coupang's expansion plans and what it could mean for the stock going forward.
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