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| Coupang founder Kim Bom-suk, right, and SoftBank CEO Masayoshi Son / Courtesy of Coupang |
SoftBank Group’s Vision Fund sold 57 million shares in 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://bit.ly/3ClGkxi.
Coupang declined to comment.
In August, Vision Fund posted a first-quarter profit of 236 billion yen ($2.15 billion). (Reuters)
SoftBank’s Vision Fund sold 57 mil. Coupang shares
Source: Buhay Kapa PH
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