Industry Newsroom

BlackRock Partially Exits South Korean E-Commerce Platform Coupang via ~USD4.5b IPO

BlackRock Private Equity Partners has partially exited its stake in South Korea-based e-commerce platform Coupang via the company’s ~USD4.55b IPO on the Nasdaq. BlackRock sold approximately 26.6m shares at a price of USD35 per share for an aggregate USD931m. Other existing investors include SoftBank, Sequoia Capital, Greenoaks Capital and others. Read more