SoftBank's Vision Fund sold 57 million Coupang shares for $1.69 billion
Reuters
Published Sep 17, 2021 03:03AM ET
TOKYO (Reuters) - SoftBank Group's Vision Fund sold 57 million shares in South Korean e-retailer Coupang Inc 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 https://
Coupang declined to comment.
In August, Vision Fund posted a first-quarter profit of 236 billion yen ($2.15 billion).
($1 = 109.8800 yen)
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Written By: Reuters
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