Future Life Resources 29.8% ↑…Coupang, due to news of listing on the New York Stock Exchange on the 11th?

As of 10:05 am on the 3rd, Future Life Resources is trading at 5,640 won, up 29.8% (1295 won) from the previous day.

On this day, the JoongAng Ilbo reported that the New York Stock Exchange in the United States had a final public offering price for Coupang scheduled to be calculated on the 10th. Coupang is expected to be listed on the New York Stock Exchange on the 11th, the next day when the offer price for Coupang is announced.

There are 10 US securities firms that manage Coupang’s listing on the New York Stock Exchange, including Goldman Sachs, JPMorgan, Deutsche Bank, and Mizuho.

The New York Stock Exchange has calculated Coupang’s expected public offering price of $27-30, and announced that there are 120 million stocks subject to IPO.

Hwang Se-woon, a research fellow at the Capital Markets Women’s Institute, explained, “When the final public offering price is announced on the 10th, it exceeds the watershed of listing. When the offering price is announced, the listing process is automatically performed.”

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