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South Korea's Coupang jumps 80% in New York market debut

Monster IPO raises $4.6bn, marking win for major investor SoftBank

Coupang has helped transform e-commerce in South Korea by offering "next-day" and even "same-day" and "dawn" delivery of groceries and millions of other items at no extra charge. (Photo by Kotaro Hosokawa)

NEW YORK -- South Korean e-commerce giant Coupang soared 81% at the start of trading on the New York Stock Exchange Thursday after an initial public offering that sold $4.6 billion worth of shares.

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