Society

SoftBank considers IPO of $100 bil Vision Fund

May 04 (Japan Today) - Japan's SoftBank Group Corp is considering an initial public offering of its $100 billion Vision Fund, a source familiar with the matter said on Friday.

The fund was set up in 2017 and has become the world's largest technology investment fund. Its investments include ride-hailing pioneer Uber, chip designer ARM and shared workspace firm WeWork.

The company has publicly stated it plans to set up a second investment fund. The senior banking source said SoftBank was now talking to banks about helping it raise money, confirming an earlier report in the Wall Street Journal.

SoftBank has spoken to half a dozen banks over the last month about a potential listing of the Vision Fund but has yet to start a formal process, the source said, adding he was not expecting such a process in the near term.

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 WSJ report.

Ishiba Shigeru elected LDP leader

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