TOKYO/SEOUL -- SoftBank Group's Vision Fund sold $1.7 billion in shares of South Korean e-commerce company Coupang, cashing in on one of the fund's most lucrative investments.
SVF Investments, a unit of SoftBank, said in a filing on Thursday to the U.S. Securities and Exchange Commission that it had sold a total of 57 million shares in Coupang at $29.7 per share. The transaction was on Tuesday, according to the filing. But SVF still owns 568.2 million shares in Coupang after the sale.
