TOKYO (Reuters) – SoftBank Group Corp’s Vision Fund sold shares worth $1 billion in Korean e-commerce firm Coupang, a filing showed, amid a slump in the value of the tech investment firm’s holdings.
Vision Fund sold 50 milllion Coupang shares for $20.87 each, according to a filing to the U.S. Securities and Exchange Commission dated Friday, leaving the investor with 461.1 million shares remaining.
(Reporting by Sam Nussey; Editing by Kim Coghill)
