JMIA - Are You Ready to Invest in the Jeff Bezos of South Korea?
It's often said that imitation is the highest form of flattery. It's understandable if Amazon.com (NASDAQ: AMZN) founder and outgoing CEO Jeff Bezos might disagree with that adage. That's because Amazon's multi-decade record of e-commerce success has created a host of geographical copycats aiming to beat him on their home turf.
It's been a successful run for e-commerce stocks, starting when Jack Ma's Chinese e-commerce giant Alibaba (NYSE: BABA) went public in 2014, the biggest IPO ever at the time. Other recent successful e-commerce debuts are Latin America's MercadoLibre (NASDAQ: MELI) , Southeast Asia's Sea Limited (NYSE: SE) , and Africa's Jumia Technologies (NYSE: JMIA) .
It's understandable investors are looking for the next geographical e-commerce company to list on the exchange. The next in line is South Korea's Coupang and founder Bom Kim has much in common with the world's richest man. Here's what you need to know about Coupang stock before the IPO occurs.
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Are You Ready to Invest in the Jeff Bezos of South Korea?