Coupang Founder Sells $361.5 Million Worth of Shares

MT Newswires Live

2024/11/15

Seattle-based e-commerce company Coupang chairman Kim Bom sold 15 million Class A shares in the US-listed company, valued at $361.5 million, the company said in its filing with the US Securities and Exchange Commission on Thursday.

Goldman Sachs acted as the broker for the sale.

The Class B common shares, privately acquired from Kim, are set to be converted to Class A shares when sold, the filing said.

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