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Where Will Coupang Stock Be in 1 Year?
CPNGCoupang(CPNG) The Motley Fool·2025-02-01 16:30

Coupang (CPNG -0.38%), the leading e-commerce company in South Korea, has disappointed early investors following its Mar. 2021 debut. The company priced its IPO at 35.00,andsharesopenedat35.00, and shares opened at 63.50 on their first day of trading. However, the stock trades at 23.00pershareasofthiswriting.Itinitiallydazzledinvestorswithitsrapidgrowth,butthebullsretreatedastheyfrettedovermacroeconomicandcompetitivechallenges.Withamarketcapitalizationof23.00 per share as of this writing.It initially dazzled investors with its rapid growth, but the bulls retreated as they fretted over macroeconomic and competitive challenges. With a market capitalization of 42 billion, Coupang trades at just 1.2 tim ...