Coupang wins dismissal of US shareholder lawsuit over IPO

Core Viewpoint - A U.S. judge dismissed a lawsuit against Coupang, an e-commerce company often compared to Amazon in South Korea, which accused the company of defrauding shareholders during and after its 2021 initial public offering [1] Group 1 - The lawsuit claimed that Coupang misled investors regarding its financial performance and business practices [1] - The dismissal of the lawsuit may positively impact Coupang's stock performance and investor confidence [1] - The ruling reflects the challenges faced by shareholders in proving fraud in the context of initial public offerings [1]