South Korean e-commerce giant Coupang is seeking to go public on the New York Stock Exchange(NYSE).

The company said it submitted relevant documents to the U.S. Securities and Exchange Commission Friday night.

The documents showed that Coupang posted a total revenue of eleven-point-97 billion dollars in 2020, up 91 percent from a year earlier. Its net loss of about 474-point-nine million dollars was down from around 699 million dollars in 2019.

The Wall Street Journal(WSJ) said the offering will likely be the largest by a foreign company since Alibaba Group Holding's blockbuster debut in 2014. The initial public offering could happen as early as March. 

The WSJ expected the offering to garner Coupang a valuation of more than 50 billion dollars. In January, Bloomberg had forecast Coupang's initial value at 30 billion dollars.