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SoftBank Poised to Reap $16 Billion Profit as Coupang Boosts IPO

SoftBank Group Corp., the biggest shareholder in Coupang Inc., stands to reap an enormous windfall when the South Korean e-commerce leader goes public this week, giving founder Masayoshi Son further evidence his often-criticized startup bets are paying off.

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SoftBank Poised to Reap $16 Billion Profit as Coupang Boosts IPO