Latham & Watkins Advises Underwriters in Coupang’s IPO

Coupang, one of Asia's largest e-commerce companies, has announced the pricing of its initial public offering of 130 million shares of Class A common stock at a price to the public of US$35 per share. The shares began trading on the New York Stock Exchange under the ticker symbol “CPNG” on March 11, 2021, and the offering is expected to close on March 15, 2021, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a corporate team led by Bay Area partners Rick Kline, Tad Freese, Sarah Axtell, and Brian Paulson, with Los Angeles associates Drew Parkes and Jennifer Pesce, and Bay Area associate Eunnie Lee. Advice was also provided on benefits and compensation matters by Los Angeles partner David Taub, with Los Angeles associate Megan Ampe; and on tax matters by Bay Area partner Grace Lee, with Bay Area associate Robbie Hemstreet.