SoftBank posts $37 bln Vision Fund profit, eyes further IPOs

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SoftBank Group Corp on Wednesday reported a 4.027 trillion yen ($36.99 billion) fourth-quarter profit at its Vision Fund unit after booking a gain on investment Coupang , underscoring its recovery a year after a record loss.

Investors have expressed concern over whether the Vision Fund can replicate the fourth-quarter performance.

The total fair value of the first $100 billion Vision Fund and the smaller second fund was $154 billion at the end of March, with SoftBank distributing $22.3 billion to limited partners.

 

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