SoftBank to Raise $21 Billion In Its IPO
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SoftBank is aiming for something big and the IPO it is going to conduct soon would be the gateway to all the stuff. The company announced on Monday that it would be selling stocks worth 2.4 Trillion yen, which equals to $21 Billion approximately. This is going to be one of the biggest IPOs the recent time has seen and would also grab the record of being the world’s largest IPO. The record was previously held by Alibaba, which had gone public back in 2014. Of course, the raising of $21 would mean something great for the growth in the upcoming decade.
Experts believe that SoftBank is trying to become a global tech investor, and the IPO would play a big role in the process. First of all, when the IPO has been carried out, SoftBank would become two sections — at least for the investor community. For someone who wants to invest in SoftBank, the decision would also involve whether they should invest in the mobile tech or tech investment. It should be noted that tech investment sector of SoftBank has some stake in Alibaba as well. For the past years, SoftBank has been heavily investing on tech businesses.
Slack and WeWork are two of the popular tech companies that SoftBank has invested in. The company has also been making investments in tech startups from underdeveloped countries. Last year, SoftBank had also launched something called the Vision Fund. It needs to be noted that half of the funding was from the Saudi Arabia government and that SoftBank has not stayed away from the Government even after international issues. Now that the IPO would be able to raise a huge amount like $21 Billion, the Japanese company would be making more investments in the future.
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