Maverick Q2 Letter: Firm Updates Investors On Its Coupang HoldingRupert Hargreaves
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.
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 . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.