By Kosaku Narioka
SoftBank Group Corp.'s Vision Fund has sold shares of South Korean e-commerce giant Coupang Inc. worth $1.69 billion, according to a U.S. Securities and Exchange Commission filing.
In the filing made Thursday, SoftBank Group's tech investment fund said that it had sold 57 million shares of Coupang at $29.685 each.
Vision Fund holds 568.2 million shares of Coupang following the sale, the filing showed.
Coupang shares last closed at $29.41.
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(END) Dow Jones Newswires