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Factbox: SoftBank Vision Fund s investment hit parade
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SoftBank shares surge on $11 billion DoorDash investment gain - Netscape Money & Business
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SoftBank shares surge on $11 billion DoorDash investment gain By Chibuike Oguh and Sam Nussey
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo
NEW YORK/TOKYO (Reuters) -SoftBank Group Corp shares surged 11% 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.