SoftBank Said to Mull IPO of $100 Billion Vision Fund

The fund has been set up in 2017 and has been the world’s biggest technology investment finance. Its branches include ride-hailing pioneer Uber, processor designer ARM and shared workspace company WeWork.

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

SoftBank has spoken to half a dozen banks over the previous month about a potential listing of the Vision Fund but has yet to begin a formal process, the source said, adding he wasn’t anticipating such a process in the near term.

“They asked banks queries on how they can do it. It’s still very much in exploration manner,” the source said, adding SoftBank was possibly given the idea by fellow technician investor Naspers, which intends to record a number of its assets.

“The big difference is that the biggest advantage in the Naspers portfolio is Tencent, that can be listed, whereas the portfolio of this Vision Fund is all private,” the source stated.

China’s Tencent Holdings is a social networking and gaming company listed in Hong Kong.

SoftBank is also in discussions with Oman for an investment from the fund, which has increased nearly all of its funds so far from Saudi Arabia and Abu Dhabi, according to the WSJ report.

SoftBank is seeking to raise new funds for”informal deals” chief executive officer Masayoshi Sonnegotiated in China for Vision Fund, among the folks told WSJ.

The fund is also likely to double its staff over the next 18 months to keep up with the speed of agreement making by SoftBank, the company’s top deputies allegedly said in a conference in Los Angeles this week.


Please enter your comment!
Please enter your name here