SoftBank-Backed Korean Unicorn Coupang Prepares for IPO as Soon as 2021 https://www.bloomberg.com/news/articles/2020-01-08/korean-unicorn-coupang-said-to-prepare-for-ipo-as-soon-as-2021 "Coupang had more than $10 billion in gross merchandise value on its platform as of Dec. 31, according to a person familiar with the company. Sales increased more than 60% year over year in 2019, the person said." I would expect an IPO valuation of around 1x GMV or slightly lower, which will equal $10-$15 billion for Coupang next year. $SFTBY $BABA $JD $MELI
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