Harvard Dropout $8.6 Billion Richer After Listing Of His Softbank-Backed Company

Friday, 12 March 2021Newsdesk

Coupang is Korea's largest listing and the biggest by an Asian company on a U.S. exchange.

New Delhi, 12 March 2021

Bom Kim sold his first venture fresh out of college. Fast forward two decades, and the serial entrepreneur is joining the ranks of the world's richest with the listing of his Coupang Inc.

Shares of the e-commerce giant, backed by SoftBank Group Corp., surged as they began trading in New York on Thursday. The South Korean company --dubbed "Korea's Amazon" -- is now valued at more than $84 billion, giving Kim, 42, a stake worth $8.6 billion, according to the Bloomberg Billionaires Index.

Source -NDTV