SoftBank Group Corp. is considering audacious fundraising plans, including a public offering of its $100 billion investment fund and the launch of a second fund of at least that size, as it looks to seize on an exploding startup scene, people familiar with the matter said.
More immediately, SoftBank is negotiating with the sultanate of Oman for an investment of several billion dollars in its existing $100 billion Vision Fund, which raised nearly all its cash from Saudi Arabia and Abu Dhabi, the people said.
If this is a good news for shareholders of SoftBank stocks, is this an Otoshi-Dama(New Year's gift)? 'cause It's kinda New Year season now in Japan just after the new era(the brand-new Emperor Naruhito) has come.
One of the most corrupt banks on the planet
Does the vision fund find winners or create them? 🤔
BehereBaba SumneshSalodkar
The Impaired Vision Fund
They don’t invest in Vision. They invest when companies are just about a sure thing.
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Amazing. Buy sh*t no one has access to at highly inflated prices. Then dump it on retail. Wow.
Lol
Last year Soft Bank wanted to invest 200 billion in solar energy in Saudi Arabia. Nothing has come of it.
Everybody wants to cash in before the bubble bursts.....We can all see Wall street is flooded with stupid money
Cashing in before market implodes?
This seems like a bad investment. Sounds like an exit strategy for current investors.
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