- SoftBank Group Corp SFTBY SFTBF sold 57 million shares of South Korean e-commerce firm Coupang Inc CPNG at $29.685 per share on September 14, aggregating to $1.69 billion as per regulatory filings.
- Coupang's September 14 closing price was $29.87.
- SoftBank continues as Coupang's largest shareholder, Bloomberg reports.
- SoftBank sold $14 billion worth of listed stocks last quarter, including DoorDash Inc DASH and KE Holdings Inc BEKE, investing the cash into technology startups.
- Coupang shares have lost 40.3% year-to-date.
- Price Action: CPNG shares traded higher by 1.29% at $29.79 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
