SoftBank shares leap 14% on DoorDash investment gain

SoftBank Group Corp shares surged 14% after the investment conglomerate scored a $11.2 billion gain in the value of its stake in DoorDash Inc following the U.S. food delivery app’s blockbuster stock market debut. SoftBank, which invested $680 million in DoorDash in the last three years, saw the value of its 25% stake in the company rise to $11.9 billion on the first day of trading in New York.

SoftBank’s shares climbed as much as 19% in Tokyo trading and touched new two-decade highs.