The fund was set up in 2017 and has become one of the primary funding vehicles for technology companies around the world. If the IPO came off, it would be"largely unprecedented," the Journal said.
SoftBank is also in talks with Oman for an investment in the fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi, according to the report.The CEO of SoftBank Investment Advisers, who runs the world's biggest venture fund, offers an inside look at how he picks which companies to lavish with billions of capital
Oman was not immediately available for a comment requested by Reuters, nor was there an immediate response from the Japanese conglomerate. SoftBank is seeking to raise new funds for"informal deals" chief executive officer Masayoshi Son negotiated in China for Vision Fund, one of the people told WSJ.to keep up with the pace of deal-making by SoftBank, the company's top deputies reportedly said at a conference in Los Angeles this week.
The company has publicly stated it plans to set up a second investment fund, and according to the WSJ story, is talking to banks about helping it raise some money.
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