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The Coupang IPO may very well be the biggest of the year.
While the Korean firm may be new to many investors, it's part of a trend you know a lot about.
In 2020 online spending represented 21.3% of total retail sales, up 44% since the previous year.
Global retail e-commerce sales for 2020 were over $4 trillion.
That is a lot of money spent online.
Enter Coupang, a Korean e-commerce titan that could go public with a valuation of around $50 billion under the ticker CPNG.
This would make it the largest IPO in a company based outside the U.S.
since Alibaba over five years ago.