SoftBank considering public offering of $100-billion Vision Fund: Report
SoftBank is considering an initial public offering of its $100 billion Vision Fund, according to the Wall Street Journal.
The Japanese conglomerate is also negotiating with the sultanate of Oman for an investment of several billion dollars in the existing Vision Fund, the Journal reported Friday, citing unidentified people familiar with the matter. The bulk of the fund was initially backed primarily from the Saudi Arabian government as well as capital from Apple Inc. and the government of Abu Dhabi.
Masayoshi Son, SoftBank’s founder and chief executive officer, has been deal making at a fast pace, and has invested nearly all of the money that the Vision Fund took in two years ago, while the initial plan was to spread it out over four years, according to the Journal.