Report: SoftBank planning IPO of US$100b Vision Fund

The logo of SoftBank Group Corp is seen at the company’s headquarters in Tokyo, June 30, 2016. — Reuters pic
The logo of SoftBank Group Corp is seen at the company’s headquarters in Tokyo, June 30, 2016. — Reuters pic

NEW YORK, May 3 — SoftBank Group Corp is considering an initial public offering of its US$100 billion (RM414.3 billion) Vision Fund, which usually picks up big stakes in fast-growing technology companies, the Journal reported today, citing people familiar with the matter.

SoftBank is also in talks with Oman for an investment in the Vision Fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi, according to the report. (https://on.wsj.com/2JcnCj7)

The Japanese conglomerate did not immediately respond to a Reuters request for comment. — Reuters

Source: The Malay Mail Online







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