SoftBank’s $100 Billion Vision Fund Faces Its Biggest Test

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SoftBank has made huge wagers on companies heading toward IPOs, but will these business unicorns survive outside their enchanted forest of private equity?

The biggest test of SoftBank founder Masayoshi Son’s audacious strategy starts tomorrow, when Uber goes public. A much bigger share of the Japanese company’s near-$100 billion in technology bets will soon join it and begin trading in the sometimes-unflattering public spotlight.

For now, SoftBank’s Vision Fund is celebrating a bumper year. The company said Thursday that the $97 billion fund, together with the smaller $6 billion Delta Fund, had generated $11 billion in operating profit—mostly paper gains—for the fiscal year...

 

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SoftBank is reportedly weighing up an audacious IPO for its $100 billion Vision FundThe Wall Street Journal also reports SoftBank courting Oman for investment, having achieved nearly all of its funding from Saudi Arabia and Abu Dhabi.
Source: BusinessInsider - 🏆 729. / 51 Read more »

SoftBank Considers IPO for $100 Billion Vision FundSoftBank Group is considering audacious fundraising plans, including a public offering of its $100 billion investment fund and the launch of a second fund. This seems like a bad investment. Sounds like an exit strategy for current investors. 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?
Source: WSJ - 🏆 98. / 63 Read more »