SoftBank Vision Fund’s profit nears US$30 billion on Coupang IPO, ByteDance stake

//SoftBank Vision Fund’s profit nears US$30 billion on Coupang IPO, ByteDance stake

SoftBank Vision Fund’s profit nears US$30 billion on Coupang IPO, ByteDance stake

SoftBank Group Corp’s Vision Fund profit may reach an unprecedented US$30 billion in the March quarter, almost quadrupling the record it had just set, according to people familiar with the matter.Profit in the unit was supercharged by the successful initial public offering of Coupang, the South Korean e-commerce leader which debuted in New York last month. That will account for the lion’s share of what is expected to be between US$25 billion and US$30 billion in reported gains for the three…

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By | 2021-04-15T10:17:18+00:00 April 15th, 2021|Technology|Comments Off on SoftBank Vision Fund’s profit nears US$30 billion on Coupang IPO, ByteDance stake