Page 12 - Softbank

SoftBank-backed Grab in talks to go public in nearly $40 bn SPAC deal

The Wall Street Journal reported earlier in the day SoftBank-backed Grab was in talks with Altimeter Capital Management LP.

SoftBank-backed Coupang raises $4.6 billion in US IPO

(Reuters) - Coupang LLC, South Korea's largest e-commerce company, raised $4.6 billion in the biggest share offering in the United States this year after selling stocks in IPO above its deal target range, the company said on Thursday.

SoftBank-backed e-commerce firm Coupang raises $4.2 bn in US IPO: Report

The IPO price of $35 apiece, higher than the marketing range $32-$34 per share, gives Seoul-headquartered Coupang, which is backed by Japan's SoftBank Group Corp, a market value of $60 billion

Oyo's Singapore subsidiary secures $200 million term loan from SoftBank

Hospitality major OYO Hotels & Homes' Singaporean subsidiary has received a term loan from SoftBank.

SoftBank-backed Coupang boosts IPO price, aims for $58 billion valuation

South Korea's Coupang Inc, is seeking a valuation of more than $58 billion in its U.S. stock market debut, after the e-commerce giant raised the price range for its offering on Tuesday.

SoftBank aims to double PayPay users in cashless payments fight

PayPay has used SoftBank's sales network and aggressive rebates to attract 36 million users in the three years since launch

SoftBank-backed Berkshire Grey to go public via $2.7 bn SPAC deal

The deal is expected to provide Berkshire Grey about $413 million in cash, as the maker of logistics automation systems looks to take advantage of a surge in online shopping amid the COVID-19 pandemic

WeWork co-founder Adam Neumann nears settlement with SoftBank: Report

The settlement would put to rest a prolonged legal battle between Neumann and Softbank, which dates back to 2019 when WeWork's IPO plans fell apart

ByteDance explores sale of Indian TikTok ops to rival firm Glance: Report

The discussions, initiated by Japan's SoftBank Group Corp, are private, early and complex, the report said

SoftBank pulls out of Latin America partnership with Oyo Hotels, ends JV

Oyo has struggled across its markets worldwide as the coronavirus crisis pummeled the tourism industry, and has drastically scaled back its workforce

SoftBank Group-backed Coupang reveals revenue surge ahead of US IPO

In its filing, Coupang said 2020 total revenue jumped 91% to $11.97 billion from a year earlier, and net loss narrowed to $474.9 million from $698.8 million in the same period

SoftBank-backed Grofers plans to go public in US through SPAC deal

Seeking a deal that would value the online grocer at $1 bn

SoftBank shares breach Y10,000, hits two-decade high on Vision Fund profit

SoftBank's shares were up 5.3% at Y9,990 at 0055 GMT having earlier shot past Y10,000, the biggest intraday jump in two months

Vision Fund shines in third quarter; Masayoshi Son hails 'golden eggs'

Softbank-backed firms that went public during the quarter include selling platform Opendoor and food delivery app operator Doordash, with unrealised gains in the latter totalling $10.7 billion

SoftBank-backed Grofers' revenue doubles to Rs 177 cr, loss widens by 42%

The company's total expenses for the fiscal were reported as Rs 814 crore

SoftBank's third-quarter earnings recovery seen driven by IPO boom

SoftBank is expected to extend earnings recovery when it reports third-quarter results as frothy markets drive a rally in value of its tech investment portfolio and offer fertile ground for listings

SoftBank's Masayoshi Son to step down as chairman of telecom unit

Junichi Miyakawa takes the helm as the industry faces unprecedented political pressure to cut fees, potentially eating into fat margins in its core business.

Softbank-backed Grofers expects to achieve Rs 10,000 crore in GMV by March

Grofers expects to be supported by a traction of around 5 million customers during its ongoing sale, a top company official said

OneWeb secures funding from SoftBank Group, Hughes Network Systems

With the investment, SoftBank will get a seat on OneWeb Board

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment