Press release
Investigation announced for Investors in shares of Coupang, Inc. (NYSE: CPNG)
An investigation for investors in Coupang, Inc. (NYSE: CPNG) shares over potential securities laws violations by Coupang, Inc.
Investors who purchased shares of Coupang, Inc. (NYSE: CPNG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Coupang, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
South Korea based Coupang, Inc. owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea.
Coupang, Inc. reported that its annual Total Revenue rose from $6.27 billion in 2019 to over $11.96 billion in 2020, and that its Net Loss declined from $696.88 million in 2019 to $474.89 million in 2020.
On or around March 11, 2021, Coupang, Inc. conducted its initial public offering ("IPO"), and the company sold 130 million shares for $35.
Coupang, Inc. reported that its annual Total Revenue rose from $11.96 billion in 2020 to over $18.4 billion in 2021, and that its Net Loss increased from $474.89 million in 2020 to over $1.54 billion in 2021.
Since the IPO shares of Coupang, Inc. (NYSE: CPNG) declined to as low as $10.51 per share on June 13, 2022.
Those who purchased shares of Coupang, Inc. (NYSE: CPNG) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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