SoftBank’s Vision Fund sold 57 million Coupang shares for $1.69 billion

18-Sep-2021 Intellasia | Reuters | 5:02 AM Print This Post

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 US 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).

($1 = 109.8800 yen)

https://www.reuters.com/business/softbanks-vision-fund-sold-57 million-coupang-shares-169 billion-2021-09-17/

 

Category: Japan

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