SoftBank’s Vision Fund sold 57 mln Coupang shares for $1.69 bln
SoftBank Group’s (9984.T) Vision Fund sold 57 million shares in South Korean e-retailer Coupang Inc (788.F) for about $1.69 billion, according to a U.S. regulatory filing.
Vision Fund sold 57 million Coupang shares at $29.685 each, and holds 568.2 million shares of the e-commerce firm following the sale, the filing showed.
Coupang declined to comment.
In August, Vision Fund posted a first-quarter profit of 236 billion yen ($2.15 billion).