South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi and Grab Holdings, that tumbled in the January-March quarter.

Vision Fund sold 50 million Coupang shares for $20.87 each, according to a filing to the US Securities and Exchange Commission dated Friday, leaving it still with 461 million shares

Major assets that went public over the last year and are now trading below their listing price include Didi Global, Coupang and Auto1 Group