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SoftBank sold $1 billion Coupang stake -Breaking

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© Reuters. FILE PHOTO: SoftBank Corp’s brand is pictured at a information convention in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – SoftBank Group Corp’s Imaginative and prescient Fund offered shares value $1 billion in Korean e-commerce agency Coupang, a submitting confirmed, amid a droop within the worth of the tech funding agency’s holdings.

Imaginative and prescient Fund offered 50 milllion Coupang shares for $20.87 every, in keeping with a submitting to the U.S. Securities and Alternate Fee dated Friday, leaving the investor with 461.1 million shares remaining.

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