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SoftBank-backed Coupang set to sail past IPO price

March 11 (Reuters) - Shares of SoftBank-backed Coupang were set to open more than 40% above the offer price in their market debut on Thursday, after the South Korean e-commerce giant raised $4.55 billion in the biggest U.S. initial public offering this year.

At 10:13 a.m. ET, the stock was set to open at a range between $45 and $50, compared to the raised offer price of $35 per share. (Reporting by Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila)

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