SoftBank Group Corp.’s Vision Fund, the world’s largest technology investor, is set to be a big winner on Uber Technologies Inc.’s blockbuster IPO this week, with a paper profit of roughly $3 billion in about 16 months.
Uber is currently anticipating a valuation of about $80 billion and $90 billion when its shares begin trading Friday. When SoftBank bought into the company in early 2018, writing a $7.7 billion check for a roughly 15% stake, Uber had been reeling from a series of crises and was valued at around $48 billion....
Source: Tech Daily Report (techdailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
SoftBank planning IPO of $100 billion Vision Fund: WSJJapan's SoftBank Group Corp is considering an initial public offering of it...
Source: Reuters - 🏆 2. / 97 Read more »
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 mulls IPO of $100 billion Vision Fund: sourceJapan's SoftBank Group Corp is considering an initial public offering of it...
Source: Reuters - 🏆 2. / 97 Read more »
Vision Fund IPO could self-disruptSoftBank may be mulling a float of the $100 bln tech fund. That suggests rich Gulf backers aren’t a shoo-in for a second iteration. While going public would diversify ownership, the entity might trade at a big discount. That would turn off both public and existing investors. LiamWardProud KarenKKwok ♪Darkstar, let me get back to you♪
Source: Breakingviews - 🏆 470. / 51 Read more »
Japan's SoftBank set for small profit rise, Vision Fund IPO plans eyedJapan's SoftBank Group Corp is expected to report a small rise in its fourt...
Source: Reuters - 🏆 2. / 97 Read more »
2020 Vision: ‘Buttabeep, Buttaboop,’ Buttigieg — Who’s winning the Oprah primary?The buzz surrounding Pete Buttigieg has led to a bump in national polls, donations and Twitter followers. But, perhaps most importantly, it’s earned him notice — and a nickname — from Oprah Winfrey. stableford Buttplug is definitely her new pet project. stableford Buttaplug
Source: YahooNews - 🏆 380. / 59 Read more »
The making of Bernie Sanders: How a hitchhiking campaigner pushed a vision that remains remarkably unchangedHe slept on a friend's couch, hustled for odd jobs and hitchhiked along the campaign trail. And somehow, working in govt is a millionaire with 3 homes. I guess capitalism is great for him, but everyone deserves socialism? youcantmakethisup And they are totally ignoring Crazy Bernie. It’s as though the fix is in again and that everybody knows that no matter what Bernie does, he ain’t getting the nomination this time, either. This is how they are acting. - Rush Limbaugh Was this when he was getting drunk in Russia?
Source: CNN - 🏆 4. / 95 Read more »
YWCA's New CEO Shares Her Vision As A Latina Leader Of InfluenceAlejandra Castillo, YWCA's new CEO, shares her experiences, visions and perspective as a Latina leader of influence.
Source: Forbes - 🏆 394. / 53 Read more »