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   Technology StocksSoftbank Group Corp


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To: Glenn Petersen who wrote (5928)2/25/2021 1:00:39 PM
From: Madharry
   of 5982
 
thanks for the valuation update. I continue to hold it. I think the company should get credit for having assets under management as well as being a go to investor in a promising start up.

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To: Glenn Petersen who wrote (5929)3/1/2021 5:14:00 AM
From: Madharry
   of 5982
 
softbank is up over 5% in tokyo. 5.7% weight in nikkei 225.

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To: Madharry who wrote (5931)3/10/2021 8:44:21 PM
From: Glenn Petersen
   of 5982
 
SoftBank-Backed Coupang Prices U.S. IPO Above Target

By Crystal Tse and Julia Fioretti
Bloomberg
March 10, 2021, 6:40 PM CST

-- South Korean e-commerce company sells shares for $35 each

-- Coupang shares set to begin trading Thursday on NYSE



Eco-bags carrying fresh food move along a conveyor belt at a Coupang Corp. fulfillment center in Bucheon, South Korea, on Feb. 19.
Photographer: SeongJoon Cho/Bloomberg
--------------------------

South Korean e-commerce giant Coupang Inc. priced its initial public offering above a targeted range to raise $4.2 billion based on the planned size of the share sale, according to a person familiar with the matter.

In one of the biggest listings by an Asian company on a U.S. exchange, Coupang priced its shares at $35 each on Wednesday, the person said, asking not to be identified because the information wasn’t public yet.

The company and its existing shareholders had planned to sell 120 million shares for $32 to $34 apiece. That range had been boosted earlier from $27 to $30, signaling strong demand from investors.



An employee inspects fruits at a Coupang Corp. fulfillment center in Bucheon, South Korea, on Feb. 19.
Photographer: SeongJoon Cho/Bloomberg
-------------------------------

A representative for Coupang declined to comment.

At $35 a share, Coupang would have a market value of about $60 billion, based on the outstanding shares listed in its prospectus. The company is selling 100 million new shares while existing investors are offloading 20 million shares. The IPO price was reported earlier by Dow Jones.

SoftBank’s Return

Japanese conglomerate SoftBank Group Corp., its biggest shareholder, is poised to reap a gain of about $16 billion from the IPO, burnishing the reputation of founder Masayoshi Son in picking successful startups even after a number of missteps.

In November 2018, SoftBank’s Vision Fund invested $2 billion in the company in a deal that valued Coupang at $9 billion, people familiar with the matter said at the time. That funding followed $1 billion from SoftBank itself in 2015, valuing the startup at about $5 billion.

Founded in 2010 by Bom Kim, a Harvard University dropout, Coupang has grown into Korea’s version of Amazon.com Inc.

The company has aggressively expanded its delivery and logistics operations, putting 70% of the country’s population within a seven-mile radius of its distribution centers, according to its prospectus filing. Coupang has also invested in new business lines like food delivery and streaming services.

For More: Coupang’s $3.6 Billion IPO Shows U.S. Is King for Tech IPOs

Goldman Sachs Group Inc., Allen & Co. and JPMorgan Chase & Co. are leading the offering. Coupang shares are expected to begin trading on the New York Stock Exchange on Thursday under the symbol CPNG.

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To: Glenn Petersen who wrote (5932)3/11/2021 8:45:14 AM
From: Madharry
   of 5982
 
should be kching for coupang as far as softbank goes. looks like a nice profit of $17-$20 billion. another one of son's golden eggs. I think i read somewhere Softbank had over 160 of them, and they are starting to make inroads into Latin America too. Long and Strong!

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To: Madharry who wrote (5933)3/11/2021 9:54:14 PM
From: Glenn Petersen
   of 5982
 
South Korean e-commerce giant Coupang tops $84 billion market cap after soaring in market debut

PUBLISHED THU, MAR 11 202112:30 PM EST
UPDATED THU, MAR 11 20214:08 PM EST
Jessica Bursztynsky @JBURSZ
CNBC.com

KEY POINTS

-- South Korean e-commerce company Coupang made its market debut Thursday on the New York Stock Exchange through an IPO and is now trading under the ticker symbol “CPNG.”

-- The company’s stock began trading at $63.50 apiece, giving Coupang a market cap of $102.2 billion.

-- The company was last valued in the private market at $9 billion in a 2018 funding round, according to PitchBook.



The New York Stock Exchange welcomes executives and guests of Coupang (NYSE: CPNG), today, Thursday, March 11, 2021, in celebration of its Initial Public Offering.
NYSE
---------------------------------------

Shares of South Korean e-commerce giant Coupang surged 40% in its market debut Thursday on the New York Stock Exchange, making it the largest IPO so far this year in the United States.

The company’s stock began trading at $63.50 apiece. Shares closed at $49.25, giving the company a market cap of $84.47 billion.

The company had priced its shares at $35 apiece, above its target range of $32 to $34 each.

Founded in 2010 by Korean-American billionaire Bom Kim, Coupang (pronounced “coo-pong”) made a name for itself through its guaranteed same-day or next-day delivery service. Often compared to Amazon or Alibaba, Coupang has more than 100 fulfillment and logistics centers in more than 30 cities. The company, which ranked No. 2 on the 2020 CNBC Disruptor 50 list, also employs 15,000 drivers in South Korea for its deliveries.

The company was last valued in the private market at $9 billion in a 2018 funding round, according to PitchBook.



The New York Stock Exchange welcomes executives and guests of Coupang (NYSE: CPNG), today, Thursday, March 11, 2021, in celebration of its Initial Public Offering.
NYSE
------------------------------------------

Coupang is hitting the market after the Covid-19 pandemic caused millions of consumers to remain home, leading to an e-commerce boom. Coupang nearly doubled its revenue to $12 billion last year, according to its filing to go public. Still, the company reported a net loss of about $475 million in 2020.

Thursday’s market debut could mark another successful venture for SoftBank, whose $100 billion Vision Fund owns more than 35% of Coupang. The firm has been recovering from a series of missteps and announced last month it recorded an $8 billion profit at its Vision Fund unit in its third quarter. Coupang also counts Sequoia Capital and BlackRock among its investors.

Goldman Sachs, Allen & Co and JPMorgan were among the lead underwriters for the offering. The stock trades under the ticker symbol “CPNG.”

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From: Glenn Petersen3/11/2021 11:06:15 PM
   of 5982
 
Another potential liquidity event for Softbank:

Blank Check IPOs (SPACS) Message Board - Msg: 33238700 (siliconinvestor.com)

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To: Glenn Petersen who wrote (5935)3/23/2021 3:35:12 PM
From: Glenn Petersen
   of 5982
 
SoftBank-backed delivery start-up goPuff valued at $8.9 billion in new funding round, more than double from five months ago

PUBLISHED TUE, MAR 23 202110:00 AM EDT
UPDATED TUE, MAR 23 202111:24 AM EDT
Annie Palmer @ANNIERPALMER
CNBC.com

KEY POINTS

-- Digital convenience store goPuff announced Tuesday that it raised $1.15 billion at a $8.9 billion valuation, which is more than double its previous valuation.

-- GoPuff, launched in 2013, offers access to items like household essentials, snacks and over-the-counter medicine within roughly 30 minutes.

-- The company is pulling in more cash amid a pandemic-fueled surge in online food and grocery delivery.

SoftBank-backed digital convenience store goPuff’s valuation has more than doubled in five months amid a pandemic-fueled surge in online food and grocery delivery.

The company announced Tuesday that it raised $1.15 billion at a $8.9 billion valuation. That’s a significant jump from GoPuff’s last funding round in October 2020, which valued the company at $3.9 billion.

GoPuff said in a release that it will use the new funds, which included an investment from SoftBank Vision Fund 1, to continue expanding across the U.S. and internationally. It also plans to invest in new technology, talent and product categories, like beauty, baby products and healthier food offerings.

GoPuff, based in Philadelphia, was launched in 2013 by two college students at Drexel University. The company aims to take on traditional convenience stores by offering a range of household essentials like over-the-counter medicines and cleaning supplies to snack foods and alcohol.

The company found early success among college students, but it has since expanded its consumer base to other demographics by serving up products that goPuff calls “instant needs.” GoPuff’s average users are in their 30s, the company said.

“We have people from all walks of life ordering goPuff, whether it’s a mom who needs her diapers or baby products delivered, or a pet owner that needs pet food,” goPuff co-founder Rafael Ilishayev told CNBC’s David Faber in an interview on “Squawk On the Street” Tuesday morning. “We’re actually seeing the fastest year-over-year growth in these new innovative categories, rather than kind of the traditional core goPuff categories that we launched with.”

The service is available to users in more than 650 cities across the U.S. GoPuff says it’s able to deliver goods to shoppers’ doorsteps within roughly 30 minutes via contracted delivery drivers that pick up items from the company’s roughly 250 micro-fulfillment centers, which are rented by the company.

Its physical footprint also includes more than 160 stores operated by alcoholic beverage chain BevMo!, which the company acquired for $350 million last November.

GoPuff is pulling in more cash after the coronavirus pandemic pushed millions of consumers indoors, propelling them to rely on online services for both essential and non-essential goods. Food and grocery delivery services saw a massive surge in activity, including goPuff, which recorded a 400% increase in order volume year-over-year between the first half of 2019 and the same period last year.

GoPuff isn’t the only company working to expand the scope of products that consumers can get delivered to their doorstep within an hour or on the same day. Amazon’s 2-hour Fresh service, as well as DoorDash, Uber Eats, Postmates and Instacart, have added categories like groceries, personal care items and household goods.

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From: Frank Sully3/23/2021 11:27:29 PM
   of 5982
 
Softbank versus Baidu as an AI investment" Any opinion? I like the fact that Baidu is planning an AI chip subdiary (a Chinese NVIDIA?) TIA

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To: Frank Sully who wrote (5937)3/23/2021 11:49:47 PM
From: Frank Sully
   of 5982
 
Re: Softbank versus Baidu as an AI investment" Any opinion?


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From: Frank Sully3/24/2021 12:03:25 AM
   of 5982
 
Baidu A I chip unit valued at $2 billion after funding and may become


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