SoftBank, IPO
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Founder Masayoshi Son of SoftBank is reportedly preparing to take a newly formed AI-robotics venture public on a U.S. exchange.
Softbank's Vision Fund business on Tuesday posted a loss in the fiscal year ended March as it booked slowing gains at its massive tech investment arm. SoftBank said it notched a gain on investment at its Vision Funds of 434.9 billion yen in the fiscal year ...
Softbank reported 421.8 billion yen ($2.87 billion) in its fiscal first quarter. This was driven by investment gains at its Vision Fund tech investing arm. In the fiscal first quarter, SoftBank said the value of its Vision Funds rose $4.8 billion.
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to Reuters, SoftBank Vision Fund founder Masayoshi Son is restructuring funding and resources into AI growth.