Maverick Q2 Letter: Firm Updates Investors On Its Coupang Holding – ValueWalk Premium

Maverick Q2 Letter: Firm Updates Investors On Its Coupang Holding

At the beginning of March, South Korean e-commerce giant Coupang made its market debut on the New York Stock Exchange. The company said it had priced 130 million shares at $35 a piece, raising $4.55 billion and valuing the company around $60 billion.

The IPO produced a massive windfall for the company's backers, including Tiger Cub hedge fund, Maverick Capital.
Coupang windfall
Lee Ainslie's Maverick first invested in the company in March 2011 and declined to sell a single share during its growth phase. In the firm's first-quarter letter, it explained that despite receiving . . .

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