SOUTH Korean e-commerce giant Coupang Inc’s is on track to be the largest listing by a Korean company in a decade. And, like most of the major tech offerings these days, it’s happening in New York.
There are three big reasons that explain why the United States is a better pick for the e-tailer backed by SoftBank Group Corp’s Masayoshi Son. Perhaps, most significantly, New York offers a considerable valuation premium. It also has a deeper, more liquid market, and allows uneven voting rights that would benefit Coupang’s founder, Harvard Business School drop-out Bom Kim.