Days of SoftBank’s ‘private IPOs’ are numbered - News Summed Up

Days of SoftBank’s ‘private IPOs’ are numbered


The Japanese investment giant SoftBank has sprayed so much cash at tech start-ups in the past few years that bankers joke it has “replaced the IPO” — the initial public offering being the traditional way for growing companies to siphon up capital. Might SoftBank’s ability to rival the public markets soon come to an end? Uber, which counts the company as its leading investor, is preparing to raise $10bn (£7.7bn) through an old-fashioned stock market listing that could value it at $100bn. At that size, Uber is almost too big even for SoftBank, which has deployed $70bn of its $100bn Saudi Arabian-backed Vision Fund in investments ranging from on-demand dog walking to ride-sharing apps. It is reported to be looking for innovative ways to boost…


Source: The Times April 20, 2019 23:00 UTC



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