South Korean e-commerce giant Coupang closes its first day of trading at $49.25 a share, down from $63.50, after raising $4.2B in an IPO at a valuation of ~$60B (Jessica Bursztynsky/CNBC)

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Jessica Bursztynsky / CNBC:

South Korean e-commerce giant Coupang closes its first day of trading at $49.25 a share, down from $63.50, after raising $4.2B in an IPO at a valuation of ~$60B  —  – South Korean e-commerce company Coupang made its market debut Thursday on the New York Stock Exchange through an IPO and is now trading under the ticker symbol “CPNG.”