By Sharanya Pillai
TWO Singapore-based investors of South Korean e-commerce firm Coupang - Singapore Press Holdings (SPH) and the family office of Trafigura's Asia-Pacific chief Tan Chin Hwee - could see strong returns on their investment if the SoftBank-backed firm goes through with its planned US$50 billion initial public offering (IPO).
SPH, which publishes The Business Times, invested an undisclosed sum in Coupang in mid-2014 through a special purpose vehicle.
Mr Tan, who is also an independent director at SPH, is understood to have backed Coupang in its early years. He declined to disclose when and how much he invested.
According to past media reports, Coupang was valued at US$5 billion in June 2015, after SoftBank agreed to invest US$1 billion into it.
ShareInvestor subscribers have full access to this article. ShareInvestor subscriber, please login to read the 19 remaining paragraph(s).
Source: Business TimesWhile reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-