Coupang Received $1 Billion from SoftBank

Coupang, a Korean online retailer, received a $1bn investment from SoftBank Corp. at a $5bn valuation yesterday.  This deal is the largest Internet investment in South Korea’s history.  Coupang has raised $1.4bn in total capital since its inception in 2010, most recently $300m from Blackrock in December 2014.  Other investors in the company include Sequoia Capital, Wellington Management Company, and Illuminate Ventures.

Coupang is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.