Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Coupang's Rights Offering - Cash Burn to Increase

Coupang - Decline in Active Customers & Lower Than Expected Sales

Softbank Sells $1.0 Billion Additional Worth of Coupang: Continued Overhang Concerns

The Korean Government Could Follow the Chinese Government in Cracking Down on the Internet Giants

Coupang (CPNG US): Heavier Bleeding Takes the Wind Out of Coupang's Sails

End of Lock Up Period + Start of Amazon Global Store Korea = Lower Share Price Likely for Coupang

The Blockchain Delusion. A (Mostly) Bearish Investment Thesis.

Gravity Works As WeWork Doesn't; Now Plan B

Event-Driven

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<p>On 17 September, it was reported that <a href="https://www.marketwatch.com/story/softbank-group-s-vision-fund-sells-1-69-billion-of-coupang-shares-271631856820" target="_blank" rel="noopener">SoftBank Group Corp's Vision Fund</a> sold $1.69 billion worth of <a href="https://www.smartkarma.com/entities/coupang-inc" target="_blank" data-smartkarma-citation="entities:28425:1" rel="noopener">Coupang (CPNG US)</a> shares (57 million shares at $29.685 each).</p>
<p>Now that SoftBank's sale of $1.69 billion in Coupang has become public, there will be greater media spotlight on how much additional shares of Coupang that SoftBank will likely sell. This will put further pressure on Coupang shares in the weeks ahead.</p>
<p>All in all, we believe that SoftBank is likely to sell MORE shares of Coupang in the coming weeks and this is likely to further negatively impact Coupang's share price. </p>
</div>


On 17 September, it was reported that SoftBank Group Corp's Vision Fund sold $1.69 billion worth of Coupang (CPNG US) shares (57 million shares at $29.685 each).
Now that SoftBank's sale of $1.69 billion in Coupang has become public, there will be greater media spotlight on how much additional shares of Coupang that SoftBank will likely sell. This will put further pressure on Coupang shares in the weeks ahead.
All in all, we believe that SoftBank is likely to sell MORE shares of Coupang in the coming weeks and this is likely to further negatively impact Coupang's share price. 


Softbank Sells $1.69 Billion Worth of Coupang Post Lockup Expiration - Overhang Concerns Continue