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SoftBank Is Seller of $1 Billion Block-Trade in Coupang Shares

SoftBank Group Corp.’s Vision Fund was revealed to have been the seller behind a $1 billion block trade that resulted in a plunge of Coupang Inc. shares late last week. 

SVF Investments (UK) Ltd. sold 50 million Coupang shares for $20.87 a piece, at least the second time in several months that it’s divested shares in the South Korean e-commerce giant, according to a filing to the  U.S. Securities and Exchange Commission.