SoftBank Picks Stock Winners in India’s Hot IPO Market

-- India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged more than 60%. Software maker Unicommerce eSolutions Ltd.

The Vision Fund has been playing an active role in helping Son scope out deals in preparation for SoftBank’s next chapter. “We’ll be evolving as technology evolves,” Clavel said. “The intention is that our people internationally are working on fund transactions as well as SoftBank Group transactions to support the mothership.”

India’s market is bustling with big debuts. Ola raised about $733 million in what was the nation’s largest IPO in about two years, and investors are eyeing the planned record $3.5 billion listing of Hyundai Motor Co.’s local unit in the coming months. ARLINGTON, Texas — Minnesota Twins starter Joe Ryan got a second opinion that confirmed the team's initial diagnosis of a significantly strained muscle in his throwing shoulder that will keep the right-hander sidelined for an extended period.MMA Junkie analyst Dan Tom goes in-depth to break down the biggest fights in the UFC. Today, he takes a closer look at the UFC 305 co-main event between former flyweight title challengers Kai Kara-France and Steve Erceg.

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