SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped ... because they effectively lower the cost of capital and provide a good tailwind for IPO activity." He also said: "We have a late-stage portfolio that's now valued at about $34 billion ...
SoftBank Books $7.7 Billion Quarterly Gain as Vision Fund Finds Its Feet Again
TOKYO (Reuters) - Japan's SoftBank Group swung to a 1.18 trillion yen ($7.7 billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles.
SoftBank returns to profit as Indian IPOs boost Vision Fund gains
Masayoshi Son’s SoftBank Group swung to a ¥1.2tn ($7.8bn) profit in its latest quarter, driven by a string of successful initial public offerings in India and better tech valuations. The company’s results easily beat analysts’ forecasts for a profit of just ¥286.
The IPO comprised of both a offer for sale of shares worth 68.28 billion rupees and a fresh issue of shares of 44.99 billion ...
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SoftBank Group Corp. swung to a quarterly profit on a series of successful Indian listings and a rebound in tech valuations ...
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British online bank Zopa is on track to double pre-tax profits and increase revenue by more a third in 2024, CEO Jaidev ...
Nvidia CEO Jensen Huang and SoftBank’s Masayoshi Son recently shared a few laughs and some bittersweet memories at the AI Summit in Tokyo. At the center of their banter? SoftBank’s former role as ...
Swiggy experiences a remarkable 15% increase on its IPO debut, marking an impressive entry into the stock market.
Shares of Indian food delivery giant Swiggy soared over 9% on their trading debut Wednesday after its teh company's stellar ...
Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India's ...
Japanese multinational investment firm SoftBank reported a revenue of ¥1.18 trillion ($7.7 billion) in the previous quarter, ...
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